|
#-1
02-05-2009, 08:37 PM
| |||
| |||
 Re: Long or short term on mutual fund sales? Tom wrote: - quote - > Say I have bought a mutual fund 2 years ago and 6 months ago; now I sell
you use FIFO. You have different options as to how you compute> some (less than either purchase). > Is it FIFO, so I have a long term gain? If you did not specify in writing which shares were to be sold, your cost basis if the shares are held in an account managed by a custodian or agent (typically the MF company or your broker) and this is the first time you sold. See IRS Pub 564 starting on page 7 for details. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Dividing up proceeds between long-term and short-term portion of astock sale Just a User: Greetings all. I am attempting to report a stock sale which happened during 2008. It is a sale from an Employee Stock Plan, so it consists of... | Taxes | 10 | 02-02-2009 08:43 PM | |
| 1099-B question regarding long-term and short-term sales Wawapluck: Good day! I'm new to filing taxes, so I have a few questions. I'm using Turbo Tax Deluxe to guide me through the tax filing process. I purchased... | Taxes | 3 | 02-06-2008 02:33 AM | |
| short-term cap gains in mutual fund? George: The "estimated 2006 capital gains distribution" for a mutual fund of mine lists both short-term and long-term gains. But, their 2005 1099 just... | Taxes | 2 | 12-09-2006 10:42 AM | |
| Long-Term Bond Mutual Fund(s) for Income Elle Navorski: I am setting up a portion of my portfolio for income. That is, the dividends from this portfolio will not be re-invested; they will go into my... | Financial Planning | 10 | 01-03-2005 10:01 PM | |
| Short-term capital gains dividends from mutual fund? Bob B: If a mutual fund identifies a portion of its dividend as short-term capital gains, should that be treated as a short term capital gain or as an... | Taxes | 1 | 02-22-2004 12:36 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
