Cap Gains Reports
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Posted by Russ Eggleston on February 09, 2000 at 14:26:12:
I am trying to determine the capital gains on several mutual funds sold in early January 2000 to estimate income taxes payable 4/15/2001.
the cap gains reports list three types;
Short Term
Medium Term, and
Long Term. I understand the Short Term and Long Term but not the Medium Term. This indicates that shares purchased less than 16 months prior to the sale are considered Medium. Why? Thanks in advance,
Russ Eggleston
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