If the taxpayer has capital gain distributions from a mutual fund and no other capital gain transactions for the year,a Schedule D is not required to be prepared.

Question

Quizplus · Accepted Answer

If the taxpayer has only capital gain distributions from a mutual fund and no other capital gain transactions for the year, it can be reported directly on Form 1040, Line 13. A Schedule D is not required in this case.

If the Taxpayer Has Capital Gain Distributions from a Mutual