frayne, I've read through the tax guide you linked to before, this is how it words what I'm trying to figure out:
Income from investment trusts and mutual funds, including capital gain distributions and distributions designated as “nontaxable” under federal income tax law, whether in cash or additional stock, is taxable.
Do does TN treat mutual fund capital gain "distributions" different than mutual fund capital gains realized from selling shares? It also doesn't specify if it includes both short term and long term distributions so could be both. But since it is under "dividend income" - I thought it might just be short term dividends since the 1099-DIVs classify short term distributions in with the dividends.
In other words, I could read that as Dividends include short term gain distributions that are included in 1099-DIV box 1a, Divided distributions.
Quit my J.O.B to become a farmer/rancher - December 2011
Now working part time from home on contract to support prior employer.