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If my client switches from Series D or Series B units into Series C or Series F units, is this considered a taxable event for them?

April 26, 2017client SERIES switches taxable units

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If my client switches from Series D or Series B units into Series C or Series F units, is this considered a taxable event for them?

1 Answer

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Switching units of one series to another series of the same fund is not considered a disposition for tax purposes. As a result, switches between series of the same fund will be processed at book value.