Your mutual fund administrator should send you a tax form. To enter form 1099-DIV, see Where do I enter my 1099-DIV in TurboTax Online?
- When your mutual fund makes a distribution of its investment earnings to you and reports it in box 2a of Form 1099-DIV, the IRS generally allows you to treat the distribution like a long-term capital gain. This is beneficial since the same tax rules that apply to your qualified dividends also apply to mutual fund capital gain distributions, regardless of whether you hold the investment for 10 days or 10 years.
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