Tax issues on selling funds

[JERRY-CH]

I would like to inquire about what tax forms I should receive to file if I sell the fund and make a profit. (Note that it is not fund interest or dividends but selling) Thanks for the answer.
my funds

[DianeW777]

It depends.  If your fund sale is in mutual funds or stocks then you should receive a Form 1099-B, Proceeds from Broker and Barter Exchange Transactions. This will provide the sale proceeds before or net of commissions and the sale date.

If the financial institution has the historical data then they will also provide the acquisition price and the acquisition date.  This is called a covered sale and if you happen to change financial agents then they may not have the history in which case you would need to determine the acquisition cost and date (noncovered).

• Where do I enter Form 1099-B?

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