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New Member
posted Jun 4, 2019 9:46:44 PM

Where do I report capital gain distributions?

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1 Best answer
New Member
Jun 4, 2019 9:46:45 PM

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.

3 Replies
New Member
Jun 4, 2019 9:46:45 PM

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.

New Member
Jun 4, 2019 9:47:20 PM

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

Level 3
Oct 16, 2022 4:02:54 AM

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