|
Posted by Bill on February 5, 2007, 8:41 pm
Please log in for more thread options
bewildered@yahoo.com (Bewildered) posted:
> I got my Consolidated Form 1099 from Etrade.
> It shows $18.18 in Non-divdend Distributions.
> TaxCut says I have to keep track of it to see if
> it exceeds my basis, etc. etc. Can't say I really
> understand what is going on, but as a practical
> matter, I don't even know which of my mutual
> funds it came from, so I can't hardly keep track
> of it.
> It is pretty trivial compared to my basis
> (whatever that might be, but all my basises
> (what is the plural of basis?) are 1000 times
> higher) so it will not ever exceed it. Is this
> something I have to keep track of? If so,
> perhaps someone could refer me to an
> understandable explanation of this.
You'll just have to contact the provider of the 1099
(Etrade), to confirm what it is. It could be any number of
things -- e.g., return of principal, cash value of partial
share in spinoff, etc. Only the preparer of the 1099 can
advise you of which holding it applies to.
Bill
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap