In my taxable brokerage account, I received non qualified dividends and non gov interest in my SPAXX core position. I used all the money in my SPAXX to purchase an index fund. I'm looking at my total cost basis for that fund, and it seems like it already includes the dividends and interest in it.
This feels a bit unintuitive for me as my current understanding is that the cost-basis is in a way the amount you've already paid taxes on, when I think that comes next year for 2023 tax year. Am I missing something ehre?
Submitted May 07, 2023 at 12:33AM by NeverJustaDream https://ift.tt/qUymtEx
