Comments on: How do I report a mutual fund that was rolled over to buy more mutual funds? http://www.INVESTMENTSMUTUALFUNDS.COM/how-do-i-report-a-mutual-fund-that-was-rolled-over-to-buy-more-mutual-funds/ INVESTMENTSMUTUALFUNDS.COM Sun, 20 May 2012 08:03:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: hiah lovera http://www.INVESTMENTSMUTUALFUNDS.COM/how-do-i-report-a-mutual-fund-that-was-rolled-over-to-buy-more-mutual-funds/comment-page-1/#comment-301 hiah lovera Tue, 29 Jun 2010 08:25:13 +0000 http://www.INVESTMENTSMUTUALFUNDS.COM/how-do-i-report-a-mutual-fund-that-was-rolled-over-to-buy-more-mutual-funds/#comment-301 coco i wouldn't be wondered coco i wouldn’t be wondered

]]> By: cynic47 http://www.INVESTMENTSMUTUALFUNDS.COM/how-do-i-report-a-mutual-fund-that-was-rolled-over-to-buy-more-mutual-funds/comment-page-1/#comment-274 cynic47 Sun, 27 Jun 2010 23:34:39 +0000 http://www.INVESTMENTSMUTUALFUNDS.COM/how-do-i-report-a-mutual-fund-that-was-rolled-over-to-buy-more-mutual-funds/#comment-274 You don't need to "get cash" to have a capital gain or loss. From your description, it appears that you sold the first two funds to get money to buy the last three funds. When you sold the first two funds, the amount you received for them determines whether you had a gain or a loss on each, which you have to report on your tax return. Then, your initial investment (or "basis") the in the last three funds is the amount you paid to buy them, not the amount you paid to buy the first two funds which you later sold. Summary: Report all 5 transactions as if you sold the first two funds for cash, and then bought the last three funds also for cash. You don’t need to “get cash” to have a capital gain or loss. From your description, it appears that you sold the first two funds to get money to buy the last three funds. When you sold the first two funds, the amount you received for them determines whether you had a gain or a loss on each, which you have to report on your tax return. Then, your initial investment (or “basis”) the in the last three funds is the amount you paid to buy them, not the amount you paid to buy the first two funds which you later sold.

Summary: Report all 5 transactions as if you sold the first two funds for cash, and then bought the last three funds also for cash.

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