Entering Capital Gain Distributions
To enter a capital gain distribution, go to the Line 5a of Schedule B and link (F9) to the Dividend Income statement. Enter the Capital Gain Distribution information here, along with all dividend income. The program will carry this information throughout the entire return.
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.
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.
Additional Information
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