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New Member
posted Mar 10, 2022 5:11:26 AM

I have an amount in box2a on 1099-DIV that I don't think should be taxable - is it?

1099-DIV box 2a shows an increase in taxes owed but i didn't

0 3 2143
3 Replies
Expert Alumni
Mar 10, 2022 5:26:53 AM

Yes, the amount is taxable and Form 1099-Div, Box 2a reflects total capital gain distributions (long-term). If you didn't get a check for the amount in Box 2a, it means you've directed the payor to reinvestment the money back into your account.

New Member
Mar 10, 2022 5:28:47 AM

I did not get a check and this gain was reinvested. That being the case, it is still taxable?

Expert Alumni
Mar 10, 2022 5:40:32 AM

Yes, even if you didn't get a physical check for the total capital gains distribution, you still got the money. It just got deposited into your account and is taxable. It's the same with a savings/checking account where you earn interest and the bank just puts it in your savings/checking account.