year end 1099 for 2022 tax year - for non retirement mutual funds that paid tax on interest that has been paid for previous years but lost in 2022 due to market downturn

Hi @JM720 - thanks for your question!

I'm not entirely clear what you're asking, but it sounds like you want to know what your 2022 1099 from your mutual funds could look like. 

Mutual funds buy and sell stocks within the fund. Depending on what is sold and what the fund's basis is, this could result in a gain or loss. Your portion of this gain will show up on your 1099-DIV as a "Capital Gain Distribution". You could call your fund company for information, but realistically, there is no way for them to give you anything definitive at this point in the year. Everything that the fund sells on or before 12/31/22 will go into this calculation. 

Also, you could buy or sell shares of the fund itself. If you sell the fund at a loss (i.e. for less than your total basis), you would have a capital loss on your 1099-B. If you don't sell shares, there is no tax event - unrealized gains and losses are not taxed until they are realized by selling. 

I hope this information is helpful!