Join Early Retirement Today
Thread Tools Search this Thread Display Modes
question on reporting MF sales on tax return
Old 04-13-2019, 11:34 AM   #1
Recycles dryer sheets
Join Date: Sep 2007
Location: near L.A.
Posts: 201
question on reporting MF sales on tax return

sold some MF for the first time in 2018. Just wondering if I'm reporting it correctly (using HR Block ), particularly should I check box 2 (Ordinary) and and box 3 (report basis to IRS). pls see attached.

shares have been acquired on various dates, gain is LT.

Also, there's another LT transaction but the 1099-B description says "the basis is not reported IRS", do I just leave box 3 unchecked then?
Attached Images
File Type: jpg transact1.jpg (53.7 KB, 17 views)
File Type: png Screen Shot 2019-04-13 at 10.19.03 AM.png (149.0 KB, 18 views)

ER_Hopeful is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-13-2019, 11:41 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
Join Date: Jun 2007
Posts: 8,312
I wouldn't think Ordinary would be checked because that looks like it would be taxed at ordinary income rate, and you said you'd held them long term.

For box 3, mutual fund companies started reporting cost basis to the IRS starting with shares purchased 1/1/2012 and later. For earlier shares they are not reported. So it depends on your purchase date. If you have a mix of before and after, you need to separate them and report them in two sets.

RunningBum is offline   Reply With Quote
Old 04-13-2019, 12:27 PM   #3
Thinks s/he gets paid by the post
GalaxyBoy's Avatar
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 1,572
You should simply copy whatever's on the 1099 into the appropriate fields. It just wants you to enter the data. Or are you saying the 1099 doesn't specify?

Or better yet, if possible, download (import) the 1099 directly from you financial institution.
GalaxyBoy is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax Reporting of Ally 11 mo. No-Penalty CD kaneohe FIRE and Money 17 01-23-2018 07:24 AM
Tax reporting of Vanguard ETFs nun FIRE and Money 2 03-11-2012 07:14 PM
Reporting stock sales firewhen Stock Picking and Market Strategy 5 12-31-2007 07:45 AM
Reporting maturing bonds on tax forms woolybully FIRE and Money 1 02-25-2007 04:56 PM
Tax Reporting Reinvested Dividends km4hr FIRE and Money 24 03-23-2006 03:17 PM

» Quick Links

All times are GMT -6. The time now is 02:35 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.