How is capital gain holding period determined for a mutual fund?
A. Individuals are allowed a 44% deduction for recognized net capital gains that have a holding period of more than one year. The holding period for investments in a mutual fund is the time the mutual fund held the investment; it is not how long the individual taxpayer held his or her shares in the mutual fund. Information should be provided by the mutual fund provided.
Related Questions
- Do I use the dates on which I purchased my HWP shares to determine the capital gain/loss holding period of the Agilent shares I received in the distribution?
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