The IRS Market Cap Click on the audio icon to hear tax advice. No More Just be careful that you don't make an extra contribution by overpaying the tax due on your mutual fund profits. If you sold shares during 1999, you'll get a 1099-B form from the fund, showing exactly how much you got. But the full amount is not taxable. When figuring your basis, don't forget to include any dividends you reinvested in the fund over the years.
Many investors forget that, and overpay their taxes.
If you're not sure about your basis and your records aren't clear, call the fund's toll-free number for help. Spend a little time rather than pay too much tax. The Web Copyright 2000 ABC News Internet Ventures.