Cashing in a Mutual Fund and Taxes

[JanetRose]

I received a Form 1099-DIV from a mutual fund we cashed in during 2005 -
there is no amount indicated that we are to claim as capital gain or loss but instructions on how to calculate the average cost and the gain or loss.

Hopefully this will not be too hard.

I guess this is common that it is not figured out for you on the 1099?

 

[Dan Murphy]

I would think you should also get a 1099-B from the sale.

http://www.irs.gov/publications/p564/index.html

(not to be considered tax advice)

 

[liamandcaili]

I did receive a 1099-B from mine, but if you know the gross proceed (what they paid you), if you paid taxes, what the shares cost (on the tax form this is the average cost basis), and when you purchased the shares, you should be able to fill out your tax forms, even if they don't send you the 1099-B.

Good luck!