as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
mutual fund capital gain on my 1099-div : no cost basis?
user
the capital gain is either short-term or long-term and will be indicated on the 1099-div. you pay taxes on this amount as the capital gain was received in a taxable account (assuming since you received a 1099-div). more info here: https://www.mutualfundstore.com/brokerage-account/capital-gains-distributions-taxable
assistant