649117
You'll need to sign in or create an account to connect with an expert.
SuperUser Hal_Al addresses this issue very well:
Nondividend distributions do not go anywhere on your actual tax return. Box 3 is for your information. Box 3 is a "return of capital". That is, you have been given back part of your original investment. As such, you reduce you cost basis, by the box 3 amount, in your own records, for when this investment (typically stock or mutual fund) is sold in the future.SuperUser Hal_Al addresses this issue very well:
Nondividend distributions do not go anywhere on your actual tax return. Box 3 is for your information. Box 3 is a "return of capital". That is, you have been given back part of your original investment. As such, you reduce you cost basis, by the box 3 amount, in your own records, for when this investment (typically stock or mutual fund) is sold in the future.WHERE DO i HAVE TO ADD LINE 3 ON THE DIVIDENDS SECTION OF MY TAX RETURN
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kduckles
New Member
jypwlee
Level 2
gjgogol
Level 5
alanealive
Level 2
Yuppieswewe
Level 3