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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121338  
Subject: Re: Mutual funds distributions Date: 1/8/2004 4:56 PM
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Does anyone know if the mutual fund companies are going to break out the capital gains distributions for before and after May 5 on the 1099Div?

Yes, they will be required to separate them out.

If you hold your mutual funds through a broker, I'd plan on getting a revised 1099 sometime in March. The broker is still required (unless they got a reprieve this year) to get you a 1099 by January 31. Mutual funds likely can't get the work done in time to meet that deadline. So the broker will issue a 1099 in January that they suspect will be incorrect, becuase the mutual funds haven't passed along all of the necessary information yet. Then they'll get a revised one to you once the mutual funds have given the broker the final numbers.

What a mess.

--Peter
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