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