Negative (loss) Long Term Gain Distribution reduces brokerage cash account?

I received a negative long term gain distribution from a mutual fund and it reduced the cash in my cash account. Is this right? If I had no cash in my account what would happen? I also received a positive long term gain distribution from the same investment, although of a smaller $ amount...which confuses me even more (yes, it was long term, not short term). This wasn't enough to balance the negative gain, so the difference was taken from my cash account. Furthering my confusion is the fact the the positive gain is reflected on my 1099-DIV but the negative is not. Any help is appreciated. Thanks!

It sounds like you're mixing up debits and credits when looking at your online statements ... go back and look at your paper statements which should clarify the situation.

It is impossible to have a negative LT Gain distribution on its own.

The positive gain on your 1099-DIV sounds like it is the net gain and you should work from there and go backwards.

GL

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