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#3
12-14-2003, 07:58 AM
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 Re: Mutual Fund Capital Gains <VSLARRY[at]weizmann.weizmann.ac.il> wrote: - quote - > When a mutual find lists capital gains on its 1099, does
A Regulated Investment Company (aka mutual fund) must> that include all capital gains that it may have had, or only > those distributed to the shareholders of the fund? distribute substantially all of its capital gains and earnings, or it will be taxed on those amounts. By distributing them to the owners, the tax liability goes to the howners too. You can be pretty sure the fund will not want to be taxed, which lowers the NAV for the owners. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
12-14-2003, 07:20 AM
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| Re: Mutual Fund Capital Gains VSLARRY[at]weizmann.weizmann.ac.il wrote: - quote - > When a mutual find lists capital gains on its 1099, does
The 1099 only shows distributions. Most mutual funds are> that include all capital gains that it may have had, or only > those distributed to the shareholders of the fund? required to distribute all of their realized capital gains to the shareholders, to avoid the fund itself having to pay taxes. -- Barry Margolin, barmar[at]alum.mit.edu Woburn, MA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
12-14-2003, 07:19 AM
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| Re: Mutual Fund Capital Gains VSLARRY[at]weizmann.weizmann.ac.il wrote: - quote - > When a mutual find lists capital gains on its 1099, does
A Mutual Fund company is obligated to distribute all its> that include all capital gains that it may have had, or only > those distributed to the shareholders of the fund? earnings to its shareholders. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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12-14-2003, 06:03 AM
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| Re: Mutual Fund Capital Gains VSLARRY[at]weizmann.weizmann.ac.il wrote: - quote - > When a mutual find lists capital gains on its 1099, does
A mutual fund is, by law, required to distribute net capital> that include all capital gains that it may have had, or only > those distributed to the shareholders of the fund? gains earned by the fund to it's shareholders. The 1099-DIV that you receive documents your share of the fund's LTCG for the year. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
12-12-2003, 04:45 AM
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| Mutual Fund Capital Gains When a mutual find lists capital gains on its 1099, does that include all capital gains that it may have had, or only those distributed to the shareholders of the fund? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| capital, fund, gains, mutual |
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