Bill would aid mutual fund investors
Another House bill was introduced recently that would allow mutual fund investors to defer taxation of reinvested capital gains.
Another House bill was introduced recently that would allow mutual fund investors to defer taxation of reinvested capital gains. HR 2796 would let investors pay no taxes on mutual fund capital gains until shares were redeemed. A similar bill, HR 397, imposes limits on the amount that could be deferred. The bills were referred to the Ways and Means Committee. For details, visit http://thomas.loc.gov.
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