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thamai
New Member

On a 1099div form, in a box between 1b and 2a, the amount of $139 is posted for "*Short-term capital gain". Turbotax does not allow me to enter anything in this box.

 
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Accepted Solutions
rjs
Level 15
Level 15

On a 1099div form, in a box between 1b and 2a, the amount of $139 is posted for "*Short-term capital gain". Turbotax does not allow me to enter anything in this box.

Form 1099-DIV does not show short-term capital gain, and there is no box between boxes 1b and 2a. That line was inserted by your financial institution for your information. It is not part of the official Form 1099-DIV, and you do not enter it in your tax return.

I assume it's telling you that $139 of the total dividends came from short-term capital gains. But since it's not part of the official Form 1099-DIV, there is no official definition of what it means. If you want to know for sure, ask the financial institution that issued the 1099-DIV to explain it.

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2 Replies
rjs
Level 15
Level 15

On a 1099div form, in a box between 1b and 2a, the amount of $139 is posted for "*Short-term capital gain". Turbotax does not allow me to enter anything in this box.

Form 1099-DIV does not show short-term capital gain, and there is no box between boxes 1b and 2a. That line was inserted by your financial institution for your information. It is not part of the official Form 1099-DIV, and you do not enter it in your tax return.

I assume it's telling you that $139 of the total dividends came from short-term capital gains. But since it's not part of the official Form 1099-DIV, there is no official definition of what it means. If you want to know for sure, ask the financial institution that issued the 1099-DIV to explain it.

On a 1099div form, in a box between 1b and 2a, the amount of $139 is posted for "*Short-term capital gain". Turbotax does not allow me to enter anything in this box.

That amount is usually (almost always) already included in box 1a amount and can be ignored. Short term capital gain distributions are taxed as ordinary dividends.

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