topic Capital Gain in Get your taxes done using TurboTax

Capital Gain

barbowork — Wed, 11 Feb 2026 05:10:40 GMT

Why, on Turbo Tax, was $225 added as a Capital Gain Distribution to my " small gain" on the sale of inherited unimproved property? I cannot find anything that explains this. It has nothing to do with dividends or options or monies received by me during the year regarding this property. Can someone please help? Thanks in advance!

Re: Capital Gain

barbowork — Wed, 27 Mar 2024 18:22:32 GMT

Update to earlier question: I was finally able to trace the $225 to an entirely different transaction that did appear as a capital gain distribution. I did not expect a dividend capital gain distribution from my 1099-DIV input interest and dividends to be combined with this sale of real estate. Is this how it should be reported?

Re: Capital Gain

Mike9241 — Wed, 27 Mar 2024 21:37:54 GMT

capital gain dividends are reported on schedule d if there are other capital gains/losses. otherwise, there is no schedule D but the CGD will still appear on line 7 with the notation CGD (to let the IRS know there is nos schedule D in the return)

Re: Capital Gain

barbowork — Thu, 28 Mar 2024 02:25:19 GMT

Thank you so much!!