How do I report a mutual fund that was rolled over to buy more mutual funds?
Posted March 26th, 2009 by admin 2 Comments »
Leela asked:
I started out with two mutual funds. When I transferred them to a new investment company those two funds were used to buy three new mutual funds. This year I sold all three funds. I’m using turbo tax and I understand how to report the three I sold but I really lost on how to report the first two I had and never actually got any cash for.
I started out with two mutual funds. When I transferred them to a new investment company those two funds were used to buy three new mutual funds. This year I sold all three funds. I’m using turbo tax and I understand how to report the three I sold but I really lost on how to report the first two I had and never actually got any cash for.
There were no gains or losses on them so I’m not sure how to enter the information. Help!