4
votes
1answer
40 views

Can you point me to the correct US tax forms if I have a Canadian TFSA mutual fund?

I am a Canadian citizen and American permanent resident who invested in a TFSA mutual fund with a Canadian bank. Im looking to be pointed in the right direction for filing American taxes on these ...
3
votes
1answer
36 views

Superficial loss, converting mutual fund to ETF in Canada

My question is almost identical to this one, only I am interested in the Canadian version. If I own a mutual fund (for example, TDB900 from TD Bank) and wish to replace it with an equivalent ETF (for ...
1
vote
1answer
105 views

What are the tax implications of exchanging one fund for another in a tax-sheltered account?

What are the tax implications (if any) for exchanging one fund for another in a tax sheltered account (Roth IRA)? e.g. Changing from, say, a Life Strategy Fund to a Target Retirement fund.
-1
votes
1answer
95 views

Vanguard fund, Roth IRA, and 1099

About a week ago, I opened a Roth-IRA and purchased a Vanguard life strategy fund (VASGX), made the contribution for 2013 Tax Year. I should get q 1099, correct? How long does this normally take?
1
vote
1answer
28 views

What is the tax rate for VBIRX distributions?

I am unsure as to what is the federal tax rate for the distributions of the VBIRX fund. To quote from the product summary for VBIRX the fund invests about 30% of assets in corporate bonds and 70% ...
1
vote
2answers
50 views

How can I determine my basis for a gift of mutual funds?

My parents, saving for college many (20+?) years ago, purchased some Evergreen mutual funds for each of their children. I believe the accounts were established in the children's names. Thanks to some ...
3
votes
1answer
60 views

Mutual funds and taxes (US)

I am very new to investing and I have learned that owning a mutual fund with a high turn over coefficient may result in capital gains which are taxable. This concerns the US only. My question, ...
4
votes
2answers
100 views

Are there any tax concerns with small periodic vs larger less frequent contributions?

Haven't had to worry about this much with tax my tax advantaged accounts. But I have started up a mutual fund with Vanguard, and I was curious if there are any tax related concerns with investing a ...
3
votes
1answer
516 views

Why do mutual funds and ETFs in the U.S. not capitalize dividends?

I am from Europe/Belgium and in Europe it is common to have funds and ETFs which capitalize/re-invest instead of distribute the dividends. I have been looking to the Vanguard ETFs and funds lately, ...
0
votes
1answer
128 views

What else besides fees should I consider in rebalancing my fund portfolio's asset allocation?

My portfolio is currently $10k invested in VWNFX. I also have a 401k (contributing about $13k/year) and an emergency fund. But for the purposes of this question I am just talking about my ...
-2
votes
2answers
170 views

Can a mutual fund have 1099-INT form

In my investment account, there are holdings in a mutual fund and in a money market. The 1099-DIV form of my account has the following nonzero items: Total ordinary dividends (qualified ...
1
vote
1answer
1k views

Difference between 1099-DIV and 1099-B forms

I was wondering about the differences between 1099-DIV and 1099-B forms. In the case of mutual funds, Is 1099-DIV for reporting investment income due to trading of the securities in a mutual fund, ...
5
votes
1answer
261 views

When you buy mutual funds through a broker, where are the shares held?

This question arises from a previous one regarding managing all one's investments from one screen on a brokerage house's web site, and a recent answer by @Patches regarding segregation of the ...
4
votes
1answer
89 views

Foreign tax credit carryover w/o having filed previously?

I owned VGTSX for years now but only in year 2011 was it a requirement for me to file taxes. Can I claim foreign tax credit carryovers for past years even though I didn't file taxes during those ...
4
votes
1answer
57 views

Should I have be worrying about selling a mutual fund before keeping it 1 year in an IRA account?

I am considering selling a mutual fund in a Roth account that I have had for less than a year. Since Roth and traditional IRA accounts are tax sheltered and capital gains only apply when distribution ...
3
votes
1answer
239 views

Wash sale rule + Mutual Funds/ETFs?

According to IRS rules, you can't sell a security, take a capital loss on your taxes, and then buy back the same or a "substantially identical" security within 30 days. However, "substantially ...
2
votes
1answer
74 views

Change in taxes with change in residency status in U.S.?

I am on a student F-1 visa in the United States, and have invested in a number of U.S. mutual funds through Vanguard. Questions: Do I count as a non-resident alien OR a resident alien for tax ...
2
votes
3answers
146 views

Invest in new mutual funds before the end of the year, or after, in a retirement account?

I changed jobs this year and as a consequence, rolled over my employee 401(k) to a personal rollover IRA. I just completed the rollover earlier this month, and right now the money is just sitting in ...
4
votes
1answer
127 views

Taxes for resident alien investing in mutual funds and money market funds?

As a resident alien working in the US, what kinds of taxes will I be liable for when investing in mutual funds and money market funds? Some funds are federal, state, or municipal tax-exempt, will ...
3
votes
1answer
212 views

How do I minimize Federal, State, and Municipal tax due from money market funds or bond mutual funds?

I was looking into money market funds and bond mutual funds for some relatively stable investments. Before I make decisions, though, can someone explain under what circumstances would I need to pay ...