Author Topic: Vanguard index funds and recordkeeping  (Read 1720 times)

JoeO

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Vanguard index funds and recordkeeping
« on: October 27, 2016, 04:50:33 PM »
How complicated is it - in terms of reporting dividends, S.T. gains, L.T. gains, and paying taxes and such - when you hold after-tax money in Vanguard index funds and you add random amounts sporadically throughout the year.

Do they provide statements quarterly or at the end of the year with everything you need to accurately report earnings and gains? Even if investments are not periodic?

I'm super lazy about financial recordkeeping but also never want to have to have an accountant do my taxes.

Thanks.

Spork

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Re: Vanguard index funds and recordkeeping
« Reply #1 on: October 27, 2016, 05:17:47 PM »
I'm obsessive about record keeping...

But yeah: you get all that.  I forget the date (and someone will likely pipe in) but there was a law passed that all this needs to be provided.  If you owned VFINX for 20 years... some shares are probably not covered.  But if you're just now deciding to buy in an after tax account, it will be covered.  You'll get a 1099-somethingorother.  It will all be neat and on one page.

seattlecyclone

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Re: Vanguard index funds and recordkeeping
« Reply #2 on: October 27, 2016, 10:10:01 PM »
Anything you bought after 2011 (give or take a year, I can't remember) should have cost basis recorded. You probably should have your own records to double-check, but Vanguard is required to keep accurate records and so they should be pretty reliable about it.

 

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