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doing my tax, quick question on cap. gain
Old 10-15-2016, 11:26 AM   #1
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doing my tax, quick question on cap. gain

on my 1099-div from from vanguard, under Total Cap gain dist(Box 2a)., I have around $2400. I'm using TaxAct and I have no issue entering the number in the app, but I'm just wondering will this be considered short-term or long-term gain? It doesn't say on the 1099.

thanks.
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Old 10-15-2016, 11:28 AM   #2
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It is a Long Term capital gain distribution.

Short-term capital gain distributions are lumped in together with the dividends on box 1a 1099-DIV.

Here is a link to the 1099-DIV instructions that are designed for the institutions that make and report such payments.

-gauss

p.s. good luck getting that return completed today!
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Old 10-15-2016, 11:53 AM   #3
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Originally Posted by gauss View Post

p.s. good luck getting that return completed today!
yup,

and thanks.
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Old 10-15-2016, 02:28 PM   #4
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What.... is today the last day to do taxes
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Old 10-15-2016, 02:30 PM   #5
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What.... is today the last day to do taxes
No, it's Monday Oct 17, due date for tax extensions.
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Old 10-15-2016, 04:47 PM   #6
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Agreed - 15th was force of habit.
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