XLA or SCF from Mass. to Burmuda Message Board

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Technology Stocks : XLA or SCF from Mass. to Burmuda

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To: Mama Bear who wrote (775)	12/13/2000 8:27:15 AM
From: Labrador	Read Replies (1) of 1116

I would suspect that the distribution would be taxable in entirety, so wouldn't one need more than 40% to pay the taxes, if one is in the maximum tax bracket? I think that the distribution would be taxable to the extent of the current year's earnings, offset by last year's [only] loss carryforward. So I'd think that one would have to "gross up" the 40% distribution by taxes to make one whole. income/[1.00-40%]=67% Distribution. Say income was $100, then distribution should be $67, then subtract taxes on distribution of $27[$67 x 40%] = $40 net to pay the tax.

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