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#2
08-06-2003, 11:50 AM
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 Re: Cost basis computation for muni-bond fund account gindie[at]aol.com (Gindie) writes: - quote - > I know in a taxable account, you can compute the cost basis
Not at all. The only kind of mutual fund distributions> by totalling up all investments of cash as well as those > shares gained by the various distributions made by the fund. > But how does the tax-exempt nature of the interest > distributions by a muni-bond fund affect (if at all) the > computation of its cost basis? that affect basis are return-of-capital distributions (annoyingly and confusingly also called "non-taxable distributions"). Aside from ROC, no distributions affect basis, and reinvestment of any distribution (*including* ROC) will increase total basis by the amount reinvested. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
08-06-2003, 11:50 AM
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| Re: Cost basis computation for muni-bond fund account "Gindie" <gindie[at]aol.com> wrote: - quote - > I know in a taxable account, you can compute the cost basis
A muni fund's basis is calculated the same as any other fund.> by totalling up all investments of cash as well as those > shares gained by the various distributions made by the fund. > But how does the tax-exempt nature of the interest > distributions by a muni-bond fund affect (if at all) the > computation of its cost basis? -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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08-06-2003, 10:34 AM
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| Re: Cost basis computation for muni-bond fund account gindie[at]aol.com (Gindie) wrote: - quote - > I know in a taxable account, you can compute the cost basis
They add to the cost basis, just like cash or taxable> by totalling up all investments of cash as well as those > shares gained by the various distributions made by the fund. > But how does the tax-exempt nature of the interest > distributions by a muni-bond fund affect (if at all) the > computation of its cost basis? dividends. The taxability of the dividend is irrelevant to the calculation. Think about it. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
08-05-2003, 09:37 PM
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| Cost basis computation for muni-bond fund account I know in a taxable account, you can compute the cost basis by totalling up all investments of cash as well as those shares gained by the various distributions made by the fund. But how does the tax-exempt nature of the interest distributions by a muni-bond fund affect (if at all) the computation of its cost basis? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| account, basis, computation, cost, fund, munibond |
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