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Mullooly Asset Management Podcast
                       February 27, 2013




Mullooly Asset Management February 2013
Investment Related 1099 Forms
Used to be out by January 31st


Now being sent the end of February


No 1099-INT if less than $10 interest


No 1099-B if you did not SELL a security



              Mullooly Asset Management February 2013
1099 OID                                   1099 DIV
Original Issue Discount                    For Dividends


Taxed each year, even                      Shows dividends earned
  though not received
                                            Shows capital gain
                                                distributions




                Mullooly Asset Management February 2013
Gross Proceeds
Summary of gains/losses


First time this information appears




              Mullooly Asset Management February 2013
When Selling a Mutual Fund
Include capital gains to your cost basis




              Mullooly Asset Management February 2013
Municipal Bond Interest

Appears, but reported as non-taxable




             Mullooly Asset Management February 2013
None of the securities mentioned in this (or any) podcast or
video represent past specific recommendations of Mullooly
Asset Management.

This video is NOT a recommendation to buy or sell any of
the securities mentioned here.

If you’re relying on a podcast for investment advice, you are
likely making a huge mistake.

We strongly urge our listeners to consult with their
investment advisor before they make a decision to buy or
sell any investment.
                Mullooly Asset Management February 2013
Mullooly Asset Management, LLC
      support (at) mullooly (dot) net

                732-223-9000

        www.mullooly.net




         Mullooly Asset Management February 2013

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1099 Forms: Tax Season FAQs

  • 1. Mullooly Asset Management Podcast February 27, 2013 Mullooly Asset Management February 2013
  • 2. Investment Related 1099 Forms Used to be out by January 31st Now being sent the end of February No 1099-INT if less than $10 interest No 1099-B if you did not SELL a security Mullooly Asset Management February 2013
  • 3. 1099 OID 1099 DIV Original Issue Discount For Dividends Taxed each year, even Shows dividends earned though not received Shows capital gain distributions Mullooly Asset Management February 2013
  • 4. Gross Proceeds Summary of gains/losses First time this information appears Mullooly Asset Management February 2013
  • 5. When Selling a Mutual Fund Include capital gains to your cost basis Mullooly Asset Management February 2013
  • 6. Municipal Bond Interest Appears, but reported as non-taxable Mullooly Asset Management February 2013
  • 7. None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management. This video is NOT a recommendation to buy or sell any of the securities mentioned here. If you’re relying on a podcast for investment advice, you are likely making a huge mistake. We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment. Mullooly Asset Management February 2013
  • 8. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management February 2013