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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (962)	4/8/1998 8:25:00 PM
From: Senor VS	Read Replies (1) \| Respond to of 5810

Hello Colin This is regarding the Schedule B/Schedule D in reference to the dividends/ capital distributions from mutual fund companies. (This capital gains distributions are occurred as a result of the transaction by the mutual fund companies and hence distributed to the mutual fund investors.) I am sure that you know most of these but I am writing in detail to make myself clear. Dividends and capital gains distributions from mutual funds are entered on the schedule B. The capital gains distributions entered on the schedule B is entered(added) onto the Schedule D, line 13. Basically the mutual distributions 1099-DIV mentions the percentage of long term and short term capital gains ratio as which part as to be computed at 28% and which part has to computed at 20%. I think that Schedule B/D does not take mention of 20% long term capital gains. ( I tried using TurboTax, there is no provision in the input forms to differentiate these). Or I am missing somewhere. I would appreciate it very much if you can please suggest as how to complete this.. Thanks and Regards Ravi