I am in the USA. I have some mutual fund shares that I bought directly from a mutual fund company many years ago spread out over 20+ purchases at different prices.
Last year the fund apparently gave out a capital gain distribution that was reinvested. I can see that in the 1099-DIV form that was sent to me, box 2a (“Total capital gain dist”) shows something like $1000.
Now, I am used to seeing more information that my online brokerage provides me on a 1099-B / 8949 showing every stock sale and its cost basis. I would then calculate the net gain or loss accordingly.
How do I treat this capital gain distribution? Is the $1000 treated as a net gain? I called the mutual fund company, and they said there’s no cost basis associated with it.
The post Mutual fund capital gain on my 1099-DIV : no cost basis? appeared first on The Simple Life.
