Capital Gains
Why are 1099-Div Box 2a Capital Gains Distributions taxed along with Short and Long Term Gains in Boxes A and D.
My simple logic suggests this to be a double count. Can anyone help explain please.
Why are 1099-Div Box 2a Capital Gains Distributions taxed along with Short and Long Term Gains in Boxes A and D.
My simple logic suggests this to be a double count. Can anyone help explain please.
Are you referring to Schedule D with respect to "Boxes A and D"?
Capital gain distributions (from your 1099-DIV) are always long-term and appear on Line 13 of your Schedule D.
There is no "double count" with other entries on Schedule D.
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