My 1099 reports the dividends on a mutual fund as ordinary income, but 100% of the distribution is return of capital. How do I enter this on TurboTax?

posted

You don't have to enter the 1099-Div reporting Return of Capital in Box 3. Use it to adjust your Cost Basis in your investment for your records.

Click this link for more info on Non-Dividend Distributions.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.