No, the capital gain amount is included in the gross distribution. Therefore, you will not be separately entering the capital gain amount on your Schedule D. The gross amount of $3,578 should appear on your Form 1040, line 5a; however, the taxable amount of $2,933 should appear on line 5b. The withholding amount of $587 should appear on line 25b.
If you are using TurboTax online, you can view your Form 1040 (before paying the TurboTax fee) by following these steps:
- Open or continue your return.
- Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
- With the Tax Tools menu open,
- Select Tools.
- Next, select View Tax Summary in the pop-up.
- Then Preview my 1040 in the left menu.
- To get back to the step-by-step instructions, just click Back in the left margin.
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