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Excuse me if I jump in...

>>I did find an article on that said because distributions have already been taxed, any amount that was reinvested should be deducted from the proceeds of a sale. It hadn't seemed right to me that they would be taxed twice!<<

They're not being taxed twice. The article is correct. Any amount that is reinvested is DEDUCTED from the PROCEEDS. Usually, this is written "any amount that is reinvested is ADDED to the BASIS." This is the same thing. However, it is better to "add to the basis" because the IRS knows how much you sold your shares for and is looking for your tax return to match its records.

If you "deduct from the proceeds", your numbers will never match the IRS and you're certain to get a letter requesting an explanation.

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