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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: arnold silver who wrote (29115)10/13/2002 9:08:03 PM
From: Ken W  Respond to of 29382
 
Arnie

Your dividend is not captial gain, it is treated as income for tax purposes. The fund will pay capital gains tax on their profits, based on how long they have the positions. I'd bet that they have held the postions for a considerable time due to the nature of the fund (high income).

Ken