How Can I Have Capital Gain Distribution On A Mutual Fund If I Didn’t Sell?

I have long term capital gain distributions on a mutual fund but I didn’t sell. My tax form asks for a date sold.

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This entry was posted on Sunday, February 28th, 2010 at 5:43 am and is filed under Fund. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “How Can I Have Capital Gain Distribution On A Mutual Fund If I Didn’t Sell?”

  1. A capital gain distribution occurs when a mutual fund sells stock at a gain. It is not related to whether you sold anything.
    If you are required to file Schedule D, then you report the total amount of all the capital gains distributions on line 13. You do not list the funds or the individual amounts. You list only the total amount (from all the funds).
    Only the funds that you actually sold need to be listed individually.

  2. No, the above answers apparantly don’t own any funds.
    The fund MANAGER sold assets within the fund, creating the capital gain distribution. Even though you didn’t take the money, it’s income to you.
    No other schedule D items, put it on 1040, line 13 and check the box. Other schedule D items, put it on line 13 of the schedule D.
    Yes, you can owe taxes; it gets added to your basis because you didn’t get the money.

  3. Even though you did not sell the fund received the distribution. Use the date that the money was placed in your account.

  4. You didn’t sell, the fund did. You don’t need a date sold, you simply enter the distribution from the 1099 on Sch D, line 13.

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