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New Member
posted Feb 22, 2025 11:08:21 AM

My state is questioning my capital gains distribution as CG dividend. Why?

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1 Replies
Expert Alumni
Feb 23, 2025 4:10:45 PM

If you sold something, like a stock, you could have capital gains. Reported on 1099-B

If you own a fund and they sell a stock, you have capital gain dividends. Reported on 1099-DIV

You need to determine what you have and what the state thinks you have. The form you received should solve the issue.