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Short term capital gain distributions are taxed as dividends. That's why they are in Box 1a on the 1099-DIV.
Short term capital gain distributions are taxed as dividends. That's why they are in Box 1a on the 1099-DIV.
Thanks, that was what I thought originally. The client's prior year return listed it as a short term capital gain but I will just leave it all in Box 1a.
I'm still curious where the entry in ProConnect would be for Schedule D Line 6 items, if anyone knows.
That's a carryover.
Thank you, much appreciated.
NP, @AdeptAccounting. We're glad to help.
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