Tax: Dividends and distributions: Short-term capital gains dristributions from mutual funds and exchange traded fund (ETFs)

Long-term capital gain distributions are reported on Form 1099-DIV in Box 2a (total capital gain distributions).

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer…

Canadian Slip T5008, Statement of Securities Transactions, contains proceeds and cost information, but capital gains/losses are not reported.

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer…

No. Average cost strictly applies to mutual funds and dividend reinvestment plans and cannot be used to calculate cost basis for individual securities.

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer…

Mutual fund distributions may be in the form of long-term capital gains or ordinary income distributions (which includes any short-term capital gain).

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer…