Woah. They can't do that, can they? v. cap gains tax
#1
it's my D in a B
Thread Starter
Woah. They can't do that, can they? v. cap gains tax
I'm looking at my 1099-DIV, and apparently they show $666.40 in capital gains distributions. You only get capital gains upon selling something, right? I didn't sell any shares in 2008, but my fund was "reorganized" by Invesco/Aim during the year. It's an S&P 500 index fund, and they just re-named it as far as I can tell. It looks to me like they did the whole thing as selling off everything in the "old" fund and buying an equal amount in the "new" fund. All of this was done without me lifting a finger or asking them to do anything. Like I said, I didn't sell anything in 2008. Can they tax me for this shit? :eh:
#4
it's my D in a B
Thread Starter
Not helpful (Spanky) h: Invesco can't just sell off my stuff and put it into another (re-named version of the same thing) fund can they? I never consented to any of this. I got a letter that they were reorganizing the fund, but I didn't think it meant they would sell off all my shit and re-purchase it.
#8
+1 - but hey look on the bright side, your tax money will go to work where it is needed
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94 Chevy Blazer - brother crashed.
94 2dr accord - h22 swap, rear ended.
03 1.8 gti - waiting for her bag of chips.
:crazyr: :slap: :hsughr: :nec: :madr:
#9
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Come on Spanky, this is totally inappropriate in this thread and you know it. This is 2008 taxes Dave's talking about, all before the "hope and change." Any taxes he's paying are a result of 2008 and earlier policies.
#10
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