Support CenterEntering capital gain distributions
🔍 What This Guide Covers
This article explains how to enter capital gain distributions in Sure-Fire so the information flows through your return.
⚠️ Before You Begin
You will need your dividend income details so you can enter the capital gain distribution information accurately.
📊 Step-by-Step Guide
Step 1: Link to the Dividend Income worksheet
To enter a capital gain distribution, go to Line 5a of Schedule B and link (F9) to the Dividend Income worksheet.
Enter the Capital Gain Distribution information there, along with all dividend income. The program will carry this information throughout the entire return.
Step 2: Confirm the distribution totals flow to Schedule D and Form 1040
The total distribution amount is transferred to Schedule D and Form 1040.
Any 1250 gains or 5-year gains are part of the total capital gain and are included in the capital gain. If these are entered, they will go to Schedule D, page 2, as needed.
Step 3: Avoid entering on Form 1040 Line 13
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 worksheet. If Schedule D is not required, Sure-Fire will calculate this accordingly.
❌ Common Errors
If your return is rejecting the transaction, double-check that you entered the capital gain distributions on the Schedule B Dividend worksheet (not directly on Form 1040 Line 13).
📞 Still Need Help?
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