|
|
| *Home>>>Income Fund |
With a Mutual Fund, thats total capital gain was$950. for the year, and u have no other income does it pay tax |
With a Mutual Fund, thats total capital gain was$950. for the year, and u have no other income does it pay tax If you're saying that you had a mutual fund that paid $950 for the year as a capital gains distribution but you had no other income, then no, you're below the level where you'd have to pay income tax for federal. Depending on your state, you might owe state income tax. If you cashed it in, yes there is tax to pay. If you have more than $850 in unearned income you must file and may have taxes to pay. |
| Tags |
| Investment Account Invest Money Invest in Gold Invest Fund Income Fund HYIP High Yield Hedge Fund |
| Related information |
The federal government move [yesterday to tax] income trusts is likely to cause an extended period of turmoil for both the stock markets and the investment portfolios of everyone who owns trusts,&q... 1) The minimum investment in mf-mis is varied from amc to amc.If u want to invest in growth option the amount is arround Rs 10000/-.But if u want to invest in monthly dividend option the minimum am... No idea. Post in the CANADA section. This is for US taxes. ...Most mutual funds distribute their annual income at a single day in the year. If you own the fund on that day, you get taxed on the income of the fund for the entire period up to distribution, even... Look at the holdings. See how many of them are distressed companies. There are many companies with double digit dividend "rates" that will suspend or cut their dividends. You should lo... Should be near the bottom of the page. ...There isn't a mechanism set up to fund your Trad. IRA with pre-tax dollars - you have to wait and take the appropriate deduction when you file your taxes. ...Money market funds make more money when the stock market goes down. And vice versa. ... |
Categories--Copyright/IP Policy--Contact Webmaster |