DaveF1006
Expert Alumni

Business & farm

It depends. If your only capital gains income is cap gains distribution from a mutual fund, reported on a 1099-DIV, then Schedule D is not required and it is not prepared. The cap gain is reported directly on Form 1040 and the "Sch D not required" box is checked. 

 

A Schedule B is generally not required if You had $1,500 or less of taxable interest or ordinary dividends.

 

 

 

 

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