MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 13, 2000 December 13, 2000 IRS Gives Fund Shareholders a Break From Wall Street Journal M Fund shareholders are getting a shortcut on their tax returns as a gift from the Internal Revenue Service. Shareholders who only have fund capital gains can report the amount on line 13 of Form 1040 for the 2000 tax year and avoid completing a Schedule D. The IRS plans to expand the program to include let tax payers filing the 1040A use line 10 for capital gains. Investors Warned to Diversify From Tech Funds From Investor's Business Daily M Technology funds are still standing "head and shoulders above other categories," despite the recent drubbing, the paper says. The article explains the volatility of tech funds and recommends that investors diversify their portfolio and expect "drastic corrections." Highlighted in the article is the Vontobel Value Fund. Capital Gains Hits Profiled From Boston Globe M The paper tips off investors on the coming paid of capital gains distributions inflicted by money losing funds. The article highlights Boston-located funds including: Putnam OTC & Emerging Growth fund, Fidelity Select Computer, Fidelity Select Software and Computer Services, Fidelity Select Developing Communications and The John Hancock Large Cap Value fund. Printed from: MFWire.com/story.asp?s=26028 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |