What sources should a third party rely upon for historical tax characterizations of distributions in computing standardized after-tax return for a fund?
A. To compute standardized after-tax return, a third party should rely on tax information provided by the fund complex. Where the third party is unable to obtain the entire tax history for all or a portion of a fund’s existence, the third party calculating standardized after-tax return for the fund should treat the tax character and taxable amount of each distribution as specified by the fund on the dividend declaration date or, lacking this information, as ordinary income.
Related Questions
- What sources should a fund rely upon for historical tax characterizations of distributions and related tax adjustments, e.g., foreign tax credits? How should a fund determine the historical tax characterizations of distributions if these sources are unavailable?
- What sources should a third party rely upon for historical tax characterizations of distributions in computing standardized after-tax return for a fund?
- What is the historical tax treatment for the cash distributions?
