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Capital Gains distribution on form 1099 but no sale
On a form 1099-DIV, box 2a for one of my longer-term funds has a very large number but I didn't touch the account last year or in any other year. In the details of the 1099, it describes one of the funds as a Long Term Gain. When I put that figure into box 2a, my refund went from positive to a big tax bill owed. But again, I didn't sell anything and looking at the account, it was basically unchanged from 2020. This is an account I invested in years ago and this year is the first time I'm seeing this.
How do I treat this? Am I misreading the details of the 1099 - is there some area in TT where I enter any offsets?
‎April 2, 2022
3:35 AM