Cynthiad66
Expert Alumni

Deductions & credits

@philttttt

 

You should input your Form 1099-DIV form into TurboTax exactly how it appears.  When the  Form 1099 is entered accurately, TurboTax translates that information to the federal and state returns.

 

Total Capital Gains Distributions from 1099-DIV Box 2a are included as taxable income even though they are reinvested.  They add to the cost basis of your mutual fund and will come in to play when you sell your shares.

 

The form NJ - DOP simply captures information on the disposition of assets and translates to the NJ tax return.  This form is filed as part of the NJ Tax Return.

 

[Edited 2/18/22 6:50 AM PST]

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