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Non-dividend Distributions??!

I got my Consolidated Form 1099 from Etrade. It shows $18.18 in Non-divdend Distributions.

TaxCut says I have to keep track of it to see if it exceeds my basis, etc. etc. Can't say I really understand what is going on, but as a practical matter, I don't even know which of my mutual funds it came from, so I can't hardly keep track of it. It is pretty trivial compared to my basis (whatever that might be, but all my basises (what is the plural of basis?) are 1000 times higher) so it will not ever exceed it. Is this something I have to keep track of? If so, perhaps someone could refer me to an understandable explanation of this. Thanks.

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Reply to
Bewildered
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snipped-for-privacy@yahoo.com (Bewildered) posted:

You'll just have to contact the provider of the 1099 (Etrade), to confirm what it is. It could be any number of things -- e.g., return of principal, cash value of partial share in spinoff, etc. Only the preparer of the 1099 can advise you of which holding it applies to. Bill

Reply to
Bill

I would check the E-trade website to see if they have a year end summary statement available to you. That would probably identify the source of the $18.18.

Reply to
DF2

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