Where do I report capital gain distributions?

[Belling · Accepted solution]

Capital gain distributions are normally reported to taxpayers on Form 1099-DIV (or an equivalent combined statement from certain brokerage firms).

You can enter them into TurboTax as follows:

• Federal taxes< wages and income< select "I'll choose what I work on" or "Jump to a Full List", or 
• Scroll down through All Income and under the section for Interest & Dividends, select Start or Update across from  "Dividends on 1099-DIV". 
• Answer "yes" on the next screen, to indicate you have amounts to enter from a 1099-DIV form.

The capital gain distributions are entered in Box 2a of the 1099-DIV input screen.  These amounts will flow to your Schedule D part II line 13.

[cdg144]

I have $50,000 reported in Box 2a but nothing in box 2d, thus making it capital gain distribution.  How does that function in IRS determination

[arun]

In my 2021 return, i do have some capital gain distributions captured in 1099-DIV as item 2a. It's showing up in my income details. But for some reason, turbotax is not generating Schedule D for my investment income.

In my view, because it's not generating schedule-D for federal tax, the cali state tax is getting calculated wrongly. Appreciate quick help as the deadline is tomorrow 🙂

Note: is there a way to force turbotax to create schedule-D?

Thanks

Arun