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Home > Money & Services > Taxes   »   Year-End Asset Summary (Investments)

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Old Mar 18, 2006, 11:54 AM
smc
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Year-End Asset Summary (Investments)
Hi: We have $1029 in an investment company. This amount is divided 1/3rd each into Global Funds, Value Funds and Income funds. There is a value increase of $46 at the year end. Where should I show this amount? Should it be shown in Form 1099-INT or Form 1099-DIV or any other.
Thanks in advance for helping me with this. Thank You!

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Old Mar 18, 2006, 08:36 PM   #2  
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SMC:

You show it nowhere! That increase is a paper increase only.

It would be shown as a capital gain only when you sell the shares of the mutual funds, not before!
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Old Mar 19, 2006, 08:49 AM   #3  
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Atlanta Tax Expert: Thanks for your prompt reply.
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Old Mar 19, 2006, 11:38 PM   #4  
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Glad to help!
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