Question

okla capital gains

Forum|Forum|6 years ago
March 1, 2020
1 reply
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I sold a long held mutual fund, acquired at various points over the last 15 years. Most of the acquisition was 15 years ago, subsequent acquisitions as dividends were reinvested. The OK 561 for wants the location within Oklahoma, or the EIN - neither of which exist for a mutual fund. The form will not allow anything but a numeric date for acquisition, not the "various" which is the correct answer

D

DavidD66

If you have any short term gains/losses due to reinvestment of dividends and capital gains you should report those separately. For the long term transactions, I would just pick a date somewhere around the original date of purchase. The actual date you select won't have any impact on the tax treatment of your sale.

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