Dear NG: I've re-invested the monthly dividends from a mutual fund which, according to my 1099 DIV, turned out to be partly Nondividend Distributions.
Am I correct in my assumptions that since I've re-invested the dividend/nondividend distribution that it does NOT reduce my basis? ANd dhd I NOT re-invested, then myasis would be reduced by the nondividend distribution?
Thanks in advance for any insights.
-Kevin