Short-term capital gain distributions from a RIC - accounting income or corpus? (regulated investment company): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on June 1, 1995. The length of the article is 583 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Regulated investment company (RIC) distributions characterized as short-term capital gains are to be treated as corpus when such distributions are made to an estate or trust. Whether distributions are considered corpus or income depends on the relevant local law and not on IRS definitions of taxable income. Alternatively, it could be argued that IRC section 852 characterizes such distributions as ordinary income that would be taxed as such and treated as income, not corpus, for accounting purposes.

Citation Details
Title: Short-term capital gain distributions from a RIC - accounting income or corpus? (regulated investment company)
Author: Rick J. Taylor
Publication:The Tax Adviser (Magazine/Journal)
Date: June 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n6 Page: 348(2)

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