Are 1099-DIV Box 2a Capital Gain Distributions on which I paid taxes added to the cost basis of my REIT?

 
Anita01
New Member

Investors & landlords

If you reinvest the capital gains into the REIT, it is added to your cost basis as a purchase of shares, thereby raising your average cost in the REIT.  If you are just receiving it in cash, then no, it does not add to your basis.