Cost basis of reinvested dividends

  • Thread starter William W. Plummer
  • Start date

W

William W. Plummer

I'm using TurboTax to do my tax return. During the year I sold several
lots of a money market fund. The fund had distributions during the year
which were reinvested and I've tracked this all in Quicken. TurboTax
wants to know the cost basis for these lots and I don't know how to
figure that -- is it just $1 like when I buy a lot?
 
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T

Thomas Healy

I'm using TurboTax to do my tax return. During the year I sold several
lots of a money market fund. The fund had distributions during the year
which were reinvested and I've tracked this all in Quicken. TurboTax
wants to know the cost basis for these lots and I don't know how to
figure that -- is it just $1 like when I buy a lot?
Yes.
 
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