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| In tax year 2007, I sold mutual funds I had held for a long time and paid tax on the dividends and capital gains. I did not bother to adjust my basis for reinvested dividends that I understand would have reduced my overall taxes. Is it too late to go back and re-calculate my taxes and take this credit? ========================================= MODERATOR'S COMMENT: You can still amend your 2007 tax return by filing Form 1040X and Schedule D, and any other forms or schedules affected. -- << ------------------------------------------------------- > << 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. > << ------------------------------------------------------- > |
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