Index Funds; Mutual Funds; Stock Ideas; More ... shareholders pay the highest taxes possible? Where mutual funds ... before-tax returns, it is up to you to look over your mutual fund's ...
... of other stocks. This is true for mutual fund dividends, and it's also true when you sell mutual fund shares. These tax rules ... Foreign Tax Paid Your mutual fund may pay some ...
... of fund taxation The great thing about stock investing is that for the most part, you get to pick when you pay taxes. ... taxes on your mutual funds, read The Motley Fool's ...
Although a stock fund's value can rise and fall ... sell your shares, you may also have to pay taxes each year on the fund's capital gains. That's because the law requires mutual ...
... risk is the price you pay for the higher rate of growth that's possible from a mutual fund. ... managers chose for the mutual fund. But the tax ... Compensation in Stock and ...
You will, however, owe taxes on any capital gains. Kinds of Mutual Funds ... based on the fund's goals. For example, growth funds focus on stocks that may not pay a regular ...
The nip of autumn is in the air, and that means it's time for many mutual fund companies to announce their capital-gains distributions. This has been a wretched year for the stock ...
But there is one thing that mutual funds may not be: tax-friendly. In ... typically pay out yields, but so do some stock funds if the stocks they own pay dividends. Morningstar.com's ...
Now, let’s see how this tax rule applies to mutual funds. You buy shares ... more effectively than stock investors can. Furthermore, when it does come time to pay that tax, fund ...
I have mutual fund dividends and i sold a few stocks which I have less than one year. I did not cash in any of the mutual funds. How do I tally all of this on my tax form, 1040??? Do I add of all them together on sectin 2? My total is over 1500$ But individually the mutual fund income is less than 1500 and so is the stock?
So how do i file all of this?
Judy 5:09 pm on February 9, 2010 Permalink
The dividends go on the line of the 1040 just below the interest, line 9. If there are capital gains distributions from the mutual fund (most of the time, there are) those will go on your schedule D, line 13. Since you sold stocks, you’ll be filing a schedule D this year to show any gain or loss on those sales. You’ll need to know exactly when you bought them, and how much you paid for them. Since you held them less than one year, the info will go into the short term section of the schedule D. Follow the instructions for schedule D – they aren’t too hard. If you use tax software, it will be easy since the software will do the calculations for you.
Good luck.
Muga Wa Kabbz 5:09 pm on February 9, 2010 Permalink
Get an accountant to help you with this. An accountant will be able to make sense of the numbers; just give them the accountant activity statements and they’ll do it for you.
dizneyfreak1 5:09 pm on February 9, 2010 Permalink
Interest & dividends are reported on Sched. B / sales on Sched D
Use a tax pro – not H&R Block since they don’t know what they are doing