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April 13, 2023
Question

Mutual Fund Long Term Capital Gains Asset after Dec 31 2011

  • April 13, 2023
  • 1 reply
  • 0 views

Mutual fund manager does not provide the date of acquisition.  DIV form shows $522 in long term capital gains.  Then Turbo Tax asks me to enter the amount of long term gain from assets acquired AFTER Dec 31, 2011.  Since I can't prove it, is the answer to the question ZERO or the full amount of $522?

    1 reply

    April 13, 2023

    I would enter $522.  It's unlikely your mutual fund sold assets acquired prior to 12-31-2011.  Moreover, the amount is not significant and probably won't have any impact on your tax either way.

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