Question

Total capital gains distribution

Forum|Forum|6 years ago
January 31, 2020
2 replies
0 views

the amount in 1099DIV box does not show up as income

Employee

Which box ?...and how much was entered in that box.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

S

salangevin

I had the same problem. Refering to Line 2a on 1099-DIV. It is entered into the program, but not included in taxable income. Amount entered is about $3000. IRS instructions indicate Schedule D is not needed if no losses or gains from sale of securities.

SteamTrain

Employee

@salangevin

Did you actually look at line 6 of your 2019 Form 1040?

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

D

DBS

Where do I enter a capital gains distribution Box 2a

Where do I enter a Non Dividend Distribution 1099 Div (Box 3)

Where do I enter Foreign Tax Paid (1099B Box 7)

B

bwergeles

If you are using the online version of TurboTax, please see the steps below to enter Box 2a, 3 and 7 of Form 1099-DIV:

Click on Wages and Income at the top of the screen
Scroll down to Interest and Dividends and click on Show More
Click on Start or Revisit next to Dividends on 1099-DIV
Select "Add a 1099-Div" or Edit next to your Dividend entries and enter your information. Box 2a for "Capital Gain distributions" is located under the Box 1a, Total Ordinary Dividends. (See screen shot below)

5. Under box 2a check the box for "My form has info in other boxes." This will expand the screen so that Boxes 3 and 7 will be available for your entries. Please see screen shot below.