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How are income tax implications different for a holder of an ETF and a Mutual Fund?
Wiki User
∙ 16y ago
ETFs are required to distribute all net investment income (dividends and interest) and realized short and long term gains. Mutual funds can do the same but at times may only allocate capital gains to their shareholders without actually paying them out. In such situations, you have to report income you never received, take the credit for the tax paid by a mutual fund, and adjust the cost basis of your holding. In case, however, where all income and gains are passed to shareholders, no basis adjustment is needed and tax treatment is identical.
Wiki User
∙ 16y ago
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Is income from mutual funds are taxable in India?
No.
What types of mutual funds are available?
There are more that fifty different types of mutual funds available for those wanting to invest. Some examples include equity, fixed income, international and sector funds.
Is a business in the home considered mutual income?
yes
Can banks invest in mutual funds?
They can invest their own income/profits in a mutual fund but they cannot invest the depositors money in a mutual fund
What are the clssification of mutual funds?
Some types are:Equity Mutual FundsDebt FundsMonthly Income PlansHybrid Fundsetc
Income earned by a debenture holder is called?
interest
Where would one get an income protection quote?
Income protection is just another form of insurance. Mutual of Omaha lists this product. Metlife and Aflac also provide it. Selectquote is useful for comparing different companies.
What is tax implications?
When someone states that something has or may have tax implications, that simply means that it may affect the taxes you pay. It's generally used in reference to your federal income tax return filed with the IRS (& state tax return if your state has an income tax). If receiving a prize has tax implications, it would likely mean that you need to report the income on your federal tax return.
Who is first rank holder of per capita income?
peegar
An income fund is a mutual fund that provides what?
An income fund is a mutual that provides income. This means that several people join together so they can have a bigger budget when investing or having other people invest for you. This way the people investing will also get a higher interest rate.
What is income ratio in mutul fund industries?
income ratio of a mutual fund is defined as a ratio of net investment income to its average net asset value.
Can a GPA holder file the individual income tax regurn?
How to e-file an individual return by his general power of attorney holder
