Question

How do I enter:Total ordinary dividend incomeQualified dividend income included aboveLong-term capital gainTotal capital gain distribution

Forum|Forum|2 years ago
June 5, 2024
2 replies
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This is from specific funds that are all bundled into a trust.

TurboTax Online

M

Mike9241

You shouldn't need to do anything. Long-term capital gains are automatically treated as qualified dividends.

Hal_Al

Employee

Total dividend income (including both ordinary and qualified dividends) is entered in box 1a of form 1099-DIV. Qualified dividend income is entered in box 1b of form 1099-DIV (even though it is already included in box 1a). Total capital gain distributions is entered in box 2a. If entered in those places, TurboTax will then enter them in the right places on form 1040, Schedule D and the Qualified Dividends and Capital Gains worksheet.