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    smc's Avatar
    smc Posts: 22, Reputation: 1
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    #1

    Mar 18, 2006, 01:54 PM
    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!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 18, 2006, 10:36 PM
    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!
    smc's Avatar
    smc Posts: 22, Reputation: 1
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    #3

    Mar 19, 2006, 06:49 AM
    Atlanta Tax Expert: Thanks for your prompt reply.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Mar 19, 2006, 09:38 PM
    Glad to help!
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