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You own a mutual fund and receive no distributions cash but the mutual fund has sold assets and has recorded gains These gains are passed through to you as the owner and are taxed Is it a Phantom inco?
Mutual funds buy and sell stock on your behalf, as if it is done by you. Therefore, if gains were realized, you will be taxed on the gain. The money will get reinvested into something else and stay in the fund, and you will receive no distribution. It is just like keeping the interest on a savings account to accumulate instead of cashing it - in either case you will end up paying tax. The average fraction of funds holdings that is sold per year is called turnover ratio. For example, a turnover ratio of 50% means that the fund on average sells half of its holdings one a year. As explained here: if you bought into fund before it sold its holdings, you might get taxed on gains you did not participate in. They further explain that buying funds with smaller turnover ratios or ETFs reduces the exposure to this tax.
What are relief checks?
Relief checks are sent out by the state and government for aid in rebuilding after a natural disaster. This is done on a large scale after tornadoes, hurricanes, earthquakes, and fire that destroys homes.
You sold an investment property and now am facing large capital gains taxes if you place the proceeds into a Charitable Remainder Trust can you avoid paying them?
No. The tax is on the gain from that done transaction. What you do with your net proceeds won't effect it.
What are the Limits of vat registration?
The first step in registering for VAT is to complete a VAT return and submit it to HMRC. This form is available on the HMRC website. The next step is to register for VAT. VAT registration is done online and is available on the HMRC website. There are three different types of VAT registration, each with different limits. The first type of registration is for small businesses with an annual turnover of less than £150,000. The second type of registration is for businesses with an annual turnover of less than £73,000. The third type of registration is for all other businesses. To get more help regarding VAT registration in UK you can call us at +44 207 167 4301 or you can also visit our website taxlibrarian.co.uk
What does it mean to transfer credit card balance?
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
How do you measure the turnover of enzyme?
You take out a ruler. & you measure it. That is the most sufficent way i have done this.
How do you find turnover?
total sales or business (loss or profit) done in a financial year
What has been done to help the jaguar?
What has been done is a lower population.
Are there more McDonald's restaurants than libraries in the US?
Yes. This is why you should move to Canada if you have not already done so.
If the private cost of owning something is lower the the social cost what can be done.?
This is an economic question. what if private cost of owning something is lower then the social cost what can be done, and how?
What is the commercial meaning of the word 'Turnover'?
Business done in reference to the amount of money changing hands or the number of times a stock of goods is sold and replenished over a period of time.
What is the tattoo on Lady Gaga's hip?
Lady Gaga has a large tattoo of roses that spreads from the left side of her waist down to the center of her lower back. The tattoo was done by Kat Von D in 2008.
What do Chinese restaurants do to a chicken foot to render it edible?
The main thing that needs to be done to make a chicken foot edible is to clean it well before cooking. Once that is done, a common way Chinese restaurants cook chicken feet is to first deep fat fry them to make them puffy, then stew or simmer them.
List and discuss four hidden costs of labor turnover?
One of the four hidden costs of labor turnover is that the work does not get done as quickly, which means a higher cost to get it done. Another hidden cost is loss of revenue due to items not being completed on time. There is also a ripple effect when someone leaves, it makes the entire company and team less effective. Finally, the company as a whole loses creditability when they cannot retain employees.
What can be done at a typical resort in Jamaica?
There are many activities that can be done at a typical resort in Jamaica. In these types of resorts there are usually restaurants, pools, workout areas, tours and many other activities.
Why do people cross their forks on their plate?
In Germany, people cross their forks when they are done with a meal. In restaurants especially, this is to let those around them know they are done to avoid any awkward situations.
What is a turnover in football?
== == A turnover in basketball is when the opposing team gains possession of the ball from the team originally in possession of the ball. This can be done by a pass being intercepted, a pass being stolen, or an offensive foul.
