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.
Have you ever thought about investing in a Cayman Islands tax haven? Before opening an account, or making adjustments to an already existing account, review these tax tips.
Find out more about the specific identification cost basis method to identify shares sold. Get tax answers at H&R Block.
As end-of-year approaches, taxes owed can become a major headache. Plan ahead by considering 529 Tax Deductions and other end-of-year savings options.
Learn more about the adjusted cost basis method of selling shares and get tax answers at H&R Block.