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.

Related Topics

Related Resources

Capital Gains Tax Exemption on House Sale

Learn more about the capital gains tax exemption on the sale of a home with the experts at H&R Block.

The Kiddie Tax — Taxes on a Child’s Unearned Income

What is the kiddie tax? Is there an unearned income tax on my child’s income? Do I need to file Form 8814? H&R Block answers those questions and more.

Form 709 – What Is It? When Should It Be Filed?

Form 709 is the IRS tax form that’s required in certain gift giving situations. Let the experts at H&R Block help you determine when Form 709 should be filed.

A guideline for paying state income tax across multiple states