DaveF1006
Expert Alumni

Get your taxes done using TurboTax

 

Form 1099-B - Return of Principal Return of Capital. .However, if the return of capital or principal is more than your basis, then you will need to report a capital gain equal to the amount received in excess of your basis.  They sent you this statement because as a result of return of capital, your capital gains is $7.17. This may have been a result of a reinvested dividend.  You might also look at your disclosure information in the brokerage statements if they sent you any. Anyhow, it sounds like the capital gains was negated by the investment expense.

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