I transferred a mutual fund from TROWEPRICE to SCHWAB. The TROWEPRICE 1099-Div form in box 2b indicates capital gains which did not occur since it was only a transfer, and nothing was sold. If you enter amount that in the 1099-DIV form in 2b then TurboTax it treats it as capital gains and increases the taxes owed accordingly. SCHWAB tax people have verified no sale took place and said if it is not on a 1099-B form ignore it.
If capital gains should only be reported via a 1099-B form, why is it on the 1099-DIV form and why would TurboTax treat it like capital gains.
Very confused.
