Support CenterEntering Capital Gain Distributions
🔍 Entering Capital Gain Distributions
This guide explains how to enter a capital gain distribution so it flows correctly through your tax return.
⚠️ Before You Begin
Before you enter anything, please note:
- Do not enter capital gain distributions directly on Line 13 of Form 1040, or the IRS will reject the return.
- Always enter capital gain distributions on the Schedule B Dividend statement.
📊 Step-by-Step Guide
Step 1: Navigate to Schedule B (Line 5a)
Use this when you need to enter the capital gain distribution in the correct place.
To enter a capital gain distribution, go to Line 5a of Schedule B and link (F9) to the Dividend Income statement.
Step 2: Enter the Capital Gain Distribution and Dividend Income
Use this when you need the program to carry the information throughout the return.
Enter the Capital Gain Distribution information here, along with all dividend income. The program will carry this information throughout the entire return.
Step 3: Confirm where the totals flow
Use this when you want to understand how SureFire uses your entries.
The total distribution amount is transferred to Schedule D and Form 1040.
Any 1250 gains are part of the total capital gain and are included in the capital gain. If these are entered, they will go to the Schedule D, page 2, as needed.
❌ Important Reminder
Do not enter capital gain distributions directly on Line 13 of Form 1040, or the IRS will reject the return.
Always enter the capital gain distributions on the Schedule B Dividend statement. If Schedule D is not required, SureFire will calculate this accordingly.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
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