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Capital gains on investment account
Hello! I've had one investment account for multiple years with Fidelity. For the entire 2022 year, I have not contributed any additional money into that account. All the money in that account is invested in mutual funds. Throughout the entire year, I did not buy or sell anything from that account. I've basically left it alone.
Unsurprisingly, at year end, that same investment account's balance is lower than what it started at in the beginning of 2022.
I did receive dividends at the end of the year which were automatically reinvested on December 28th. The tax form is showing I have significantly high capital gains that I'll have to pay long term cap gains on for that same investment account.
How would this possible?
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‎January 13, 2023
4:02 AM