Your organisation has a distribution statement from a managed fund, which shows lots of different amounts such as capital gains tax and foreign source income. Where do you put those amounts?
Total distributions from trusts and managed funds should be shown at label A. Total distributions may include amounts of foreign source income or capital gains tax. Total distributions may also include unfranked amounts. There is no need to add these amounts if they have already been included in the total distribution.
Related Questions
- Why are the capital gains for the Wells Fargo Advantage Precious Metals Fund and Wells Fargo Advantage Small Cap Growth Fund larger (as a percentage of the Funds’ NAV) than the distributions for other funds?
- Did the Fund pay a year-end dividend? If so, what was the record and pay dates, the amount, and was the dividend from capital gains or from net investment income?
- How will the Managed Income Fund change after the conversion?
