Mutual funds

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  • Mango
    Junior Member
    • Feb 2010
    • 1
    #1

    Mutual funds

    How are mutual fund adjustments reported when the activity is REINVEST?
    Tags: None
    • jimmcg
      Senior Member
      • Aug 2005
      • 633
      #2
      Originally posted by Mango
      How are mutual fund adjustments reported when the activity is REINVEST?
      If I understand your question correctly reinvested dividends and capital gain distributions are reported on 1099-DIV as taxable.

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        • Lion
          Senior Member
          • Jun 2005
          • 4699
          #3
          Reinvest

          The Reinvestment is a purchase of more shares which you will track to have your cost basis when you sell those shares. The funds to reinvest probably came from Dividends, so you would report the dollar amount of dividends from Form 1099-DIV along with any details re qualified dividends and the other boxes on that form starting on your Schedule B.

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