12 (twelve cents) and an annual distribution from realized capital gains
in the amount of $.
However, according to Wiesner, the fate of capital gains
and the other tax provisions that impact the industry are captive to resolution of more fundamental issues, such as how to mix budget cuts with tax changes to achieve the budget targets.
What can I do to lower my capital gains
for next year?
A portion of the dividends paid by REITs may be recharacterized for tax purposes following year-end as capital gains
and/or return of capital.
1211(b)(1) limits the deduction of capital losses to $3,000 after they have been netted against capital gains
Both the administration and the Senate Republican proposals include a child tax credit, tax cuts for education and training, expanded tax relief for individual retirement accounts and a reduction in capital gains
After years of deriding any cuts in the capital gains
tax as a handout to country club Republicans, Democrats in Congress have softened their opposition and, in some cases, have come to support a reduction in the tax, increasing the likelihood of a compromise this year on the long-running and often bitter partisan dispute.
18 (eighteen cents) per share and an annual distribution from realized capital gains
in the amount of $0.
CPAs should read the detailed instructions in this announcement for changes in the following forms: 1997 Form 1099-DIV, Dividends and Distributions; 1997 Form 1099-B, Broker and Barter Exchange Transactions; 1996 Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains
, for 1996-97 fiscal years ending after May 6, 1997; and 1996 schedules K and K-1 for partnerships, S corporations and estates with 1996-97 fiscal years ending after May 6, 1997.
Essentially, there are three ways to incur tax liabilities from mutual funds: capital gains
distributions by the fund; dividend distributions by the fund; and capital gains
arising from the sale or exchange of shares.
1298(a) PFIC attribution rules "at any time during the [QEF's] taxable year" has to include in gross income an amount equaling his or her "pro-rata share" of the QEF's ordinary earnings and long-term capital gains
Because the one-time exclusion on capital gains
tax on the sale of a residence for sellers over 55 years old is capped at $155,000 of gain, properties which exceed this are now liable for the tax.