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intheruf
New Member

Where do I enter short-term capital gain distributions from mutual funds in TurboTax?

I can not get the short-term gain to show up on Schedule D as an offset to long term capital losses

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Accepted Solutions
Hal_Al
Level 15

Where do I enter short-term capital gain distributions from mutual funds in TurboTax?

You do not enter them anywhere. They are already included in box 1 of the 1099-Div. So, they are taxed as dividends and do not go on Schedule D.

Note that short-term capital gain distributions are shown in an un-numbered box, on form 1099-DIV, between boxes 1b & 2a. There is no entry point, for that, on the 1099_DIV screen, in TurboTax.

The fact that they are even on the form 1099-DIV is just for information. 

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1 Reply
Hal_Al
Level 15

Where do I enter short-term capital gain distributions from mutual funds in TurboTax?

You do not enter them anywhere. They are already included in box 1 of the 1099-Div. So, they are taxed as dividends and do not go on Schedule D.

Note that short-term capital gain distributions are shown in an un-numbered box, on form 1099-DIV, between boxes 1b & 2a. There is no entry point, for that, on the 1099_DIV screen, in TurboTax.

The fact that they are even on the form 1099-DIV is just for information. 

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