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!
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)
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