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Level 2
Feb 28, 2020 11:51 PM UTC
Question

Mutual Fund

My sons mutual fund grew but he never recieved any payment, just lets it reinvest. does he have to declare that or only when he cashes in

    2 replies

    Critter
    Level 15
    Feb 28, 2020 11:54 PM UTC

    It is immaterial what happened to  the earnings ... if he had dividends, interest and capital gains reported on the broker's statement he will need to report it on his return if he is required to file. 

    Doc462Author
    Level 2
    Feb 29, 2020 9:19 PM UTC

    Thank you!