Buying the Dividend or Capital Gain Distribution 和 洗净销售

Buying the Dividend or Capital Gain Distribution

T在这里 are times when it may not be in your best interest to purchase shares because the fund is about to make a dividend or capital gain distribution. These shares may generate income, which may lead to a tax liability for you. When this occurs, it's called buying the dividend or capital gain distribution.

例子:
Consider this hypothetical scenario of two investors who are interested in shares of a stock fund investing primarily in large companies:

The dividend example is hypothetical 和 is not intended to represent any specific type of investment. The example doesn't include the impact of any expenses or taxes that would be associated with an actual investment. If such costs had been taken into account, the results shown would have been lower. It shows what can happen when a purchase is made immediately prior to a dividend or capital gain distribution. You should consult a tax adviser for additional information.

洗净销售

Another transaction that may carry tax consequences is a wash sale. This occurs when shares of a mutual fund or individual securities are sold at a loss 和 substantially identical replacement shares are purchased within 30 calendar days either before or after the sale. Rules set by the Internal Revenue Service prohibit shareowners from declaring a capital loss when a wash sale occurs.

The initial sale may have been made in order to declare a short- or long-term capital loss for tax purposes. A capital loss can ordinarily be used to offset a capital gain on your personal income taxes, lowering the amount you may owe for the year. 然而, purchasing substantially identical shares within either 30 calendar days before or after the sale will prevent you from declaring a loss on your tax return.

The disallowed loss is added to the cost basis of the replacement shares. 换句话说, if you had originally paid $20 for the individual shares, sold them for $10 (a loss of $10 per share), 和 purchased replacement shares for $11, your cost basis for the new shares is now $21 (the $11 purchase price plus the $10 loss). 以这种方式, 这取决于你的税务情况, the capital loss on the initial sale may eventually be realized when the replacement shares are sold.

Your holding period for the replacement shares is also changed to include the amount of time you held the original shares. While that may not seem like such a problem, it can make a difference in determining a short- or long-term capital loss or gain when you decide to sell the shares.