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Investors & landlords
From the information provided, it appears the mutual fund has issued a capital gain distribution (not a sale) and that is why you received form 1099-DIV. The fact that you transferred the money from one institution to another is irrelevant. You would have received the 1099-DIV even if you didn't transfer financial institutions.
- Note: Form 1099-DIV Box 2a. Shows total capital gain distributions from a regulated investment company (RIC) or real estate investment trust (REIT).
[Edited 2-6-22|8:35 am PST]
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‎February 6, 2022
8:33 AM