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Retirement tax questions
Yes....those $$ are reported as-if you received the $$, and then used them to purchase more.
You normally would-have received a 1099-DIV for those $$, and you just enter it in the software as-is. But if the total for your account, for everything from that broker was less than $10, they may not issue a 1099-DIV...but you are still responsible for reporting anything of 50cents or greater.
It will add to your basis in those shares though, when you eventually sell those shares.
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The only exception I know of, is if those stocks were held within an IRA or 401k, or the like...then those $$ would not be reported, because what happens within those retirement vehicles, stays there until you actually take money out.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 25, 2022
1:49 PM