Mutual fund tax measure back on table
A House bill recently introduced would let mutual fund investors defer taxation of reinvested capital gains until shares are redeemed.
A House bill recently introduced would let mutual fund investors defer taxation of reinvested capital gains until shares are redeemed. HR 397, introduced by Rep. Jim Saxton, R-N.J., would impose limits on the amount that could be deferred, among other provisions. Companion bills with a similar goal died in committee last year. The new bill was referred to the House Ways and Means Committee. For details, visit http://thomas.loc.gov
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