Dear MonikaK1,
You have answered this before but you fail to tell us what goes onto the line BEFORE that, namely:
"Regulated Investment Company (RIC) Capital Gains Earned (in federal income)"
If the capital gains distributions ARE included in Federal income, AND they ARE distributed the SAME YEAR, why does that line exist? I do have some 2024 RICs which show capital gains distributions on my 1099. Do I just enter those on that line? When I try that experimentally, I see a bigger refund from the state of California.
Seems good to me, but if I shouldn't do it, please let me know! Thank you.
