Mutual Funds

I ran into this myself—more than one 1099-R showing up because I owned multiple mutual funds in retirement accounts. At first, it looked confusing, but once I figured it out, it made sense. If you’re trying to handle multiple 1099-Rs in TurboTax, especially when they’re tied to mutual funds, this guide should clear everything up. […]

If you sold shares of a mutual fund—even just once during the year—you’ll get a Form 1099-B from your broker or fund company. This isn’t just paperwork; it tells the IRS whether you made or lost money and whether you owe capital gains taxes. So, let’s break this down step by step. 📄 What Is

If you own mutual funds and earned any dividends or capital gain distributions, you’re probably getting a Form 1099-DIV from your brokerage. It shows what you earned—whether you took the cash or reinvested it. Even if you didn’t withdraw a penny, the IRS still counts those distributions as taxable income. Let’s go over what it

If you’ve ever sold shares from a mutual fund, your broker probably sent you a Form 1099-B. This form is how the IRS keeps track of any capital gains or losses you made from that sale. Here’s everything you need to know. 📄 What Is Form 1099-B? Form 1099-B is an IRS tax document your

Investing in mutual funds and using Systematic Investment Plans (SIPs) can feel overwhelming at first. When I started, I had many questions too. To help you get clear, I’ve put together 108 commonly asked questions and answers about mutual funds and SIPs — everything from basics to advanced topics, taxes, risks, and strategies. Mutual Funds

If you sold mutual funds during the tax year and you’re wondering whether to file your federal income tax return using Form 1040 or Form 1040A, I’m here to clarify the rules and help you decide which form applies to your situation. What Are Form 1040 and Form 1040A? Before diving into mutual funds, it’s

When I first encountered the term 1035 exchange, I knew it referred to a specific tax provision that allows certain insurance contracts to be exchanged without immediate tax consequences. But many people wonder: can a 1035 exchange apply to mutual funds? Or is it strictly limited to insurance products? If you’re in the US considering

When I first heard about the 1031 exchange, I saw it as a powerful tool for real estate investors to defer capital gains taxes. But then I wondered: can you use a 1031 exchange to invest in mutual funds? That’s a question many people in the US who want to diversify their investment portfolios ask.

When I think about investing a lump sum like $100,000 in mutual funds, the first question I ask myself is: What might happen to that money over the next several years? Understanding the possible growth, risks, fees, and taxes involved helps me make an informed choice. Understanding Mutual Fund Returns Mutual funds come in many

When I think about long-term investing, I always ask: What if I had just started earlier? One of the clearest ways to understand the power of compounding is to look back and run the numbers. So I decided to explore what would’ve happened if I had invested $100,000 in a mutual fund 30 years ago.