1099-div 2a Total Capital Gain Distributions - Can I use it to write off for stock losses

[IrvingUser]

Hello,

Fidelity is reporting mutual fund yearly distribution on 1099-div (2a) field - its asking me to treat it as long term capital gains for taxes.  
Does this mean can I use this to write off some of the losses from my personal stock investments? Or capital gains reported in 1099-div (2a) are handled differently.

Thanks
Sudheer

[Mike9241 · Accepted solution]

yes. capital gain distributions reported on 2a of 1099-div flow to line 13 of schedule D so they can be offset by  capital losses. it will be offset by other net long-term losses first and if you end up with overall net long-term losses they can be used to offset net short-term gains.  you can deduct up to $3,000 of net capital losses against other income. any excess gets carried forward to 2023. Turbotax will do all the calculations automatically.