TurboTax took my total long-term capital gain distribution as reported by my mutual funds and entered it on Line 6 and checked the box "No Schedule D required) on the first page of my return to arrive at the AGI. It appears my total long-term capital gain distribution was treated as dividend/short-term capital gain while it should be taxed at a much lower rate.
this is exactly correct and proper if you had no transactions that need to be reported on Schedule D/ form 8949. all capital gains including capital gain distributions are includable in adjusted gross income. within the Turbotax file there should be a qualified dividend and long-term capital gain worksheet where the lower tax is computed on those items.
