Archive for the ‘United States’ Category

Mutual Funds Where do I enter it for IRS?

Monday, March 7th, 2011

nycxwes asked: My grandmother long ago left me mutual funds which matured and I took it out in 2007. It was $2800 when I took it out and under my social security number now so i have to file it. My question is where do I file it in my ...

Any tax benefits to reinvesting your dividends from mutual funds?

Thursday, January 21st, 2010

jhcashman asked: I have a few mutual funds with fidelity which distribute dividends once a year. By default all the dividends are reinvested back into the funds. I would rather have the dividends in cash so I can invest into different funds. Is there any tax benefits to having the ...

Capital Gains from Mutual Funds - Can I apply them to a new home?

Tuesday, June 2nd, 2009

Bob F asked: I am purchasing my first home and need to sell several of my mutual funds for the down payment. Unfortunately, I am going to take a big hit when I have to pay the capital gains tax from the sale of the mutual funds. Is there any ...