The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-didnt-mention-we-have-a-portion-of-her-funds-30531481.aspx

Subject:  Re: Why Not Take Gains in UTMA? Date:  2/8/2013  9:04 AM
Author:  TMFPMarti Number:  117688 of 121096

I didn't mention, we have a portion of her funds in a total bond index fund. Would the monthly proceeds from the bond fund be considered interest or qualified dividends?

I don't find them on the list of so-called dividends, e.g., credit union dividends, which are actually interest. That list is in Pub 550. Also, the pub indicates that they would be reported on a 1099-INT. So I think you're safe.

Phil
Rule Your Retirement Home Fool
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us