In tax year 2007, I sold mutual funds I had held for a long time and paid tax on the dividends and capital gains. I did not bother to adjust my basis for reinvested dividends that I understand would have reduced my overall taxes. Is it too late to go back and re-calculate my taxes and take this credit?
========================================= MODERATOR'S COMMENT: You can still amend your 2007 tax return by filing Form 1040X and Schedule D, and any other forms or schedules affected.