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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 13143
Experience:  15years with H & R Block. Divisional leader, Instructor
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Are we required to report "Total Capital Gain Distributions"

Customer Question

Are we required to report "Total Capital Gain Distributions" line 2a from our Form 1099 Composite? This is a fund that we do not control, but rather is controlled by a brokerage house.
Submitted: 6 months ago.
Category: Tax
Expert:  Robin D. replied 6 months ago.
HelloThe broker controls the account but unless this account is a tax deferred retirement (IRA) you would need to report the capital gain.The gains are reported by you because you own the account.You are required to click a positive rating if I am to be credited with the response.You have to actively click on a rating and click submit. Smiley Faces or Stars.

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