Special Cases – Mutual Funds
Special rules might apply when figuring the basis. These include situations where you received short-term losses on shares for which you received:
- An exempt-interest (tax-free) dividend
- A capital-gain distribution
If either of these applies to you, see Publication 550: Investment Income and Expenses at www.irs.gov.
Is the money you received considered a gift or inheritance? Learn more from the tax experts at H&R Block.
Learn more about taxable military pay and get tax answers at H&R Block.
IRA terms and concepts can be confusing at times. We’re here to help. Find explanations for common IRA terminology from the tax experts at H&R Block.
Would winning the lottery affect your taxes? Learn more about how your taxes could change after a Powerball payout with H&R Block.