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-   -   Year-End Asset Summary (Investments) (https://www.askmehelpdesk.com/showthread.php?t=22986)

  • Mar 18, 2006, 01:54 PM
    smc
    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!
  • Mar 18, 2006, 10:36 PM
    AtlantaTaxExpert
    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!
  • Mar 19, 2006, 06:49 AM
    smc
    Atlanta Tax Expert: Thanks for your prompt reply.
  • Mar 19, 2006, 09:38 PM
    AtlantaTaxExpert
    Glad to help!

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