Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
If you bought it and sold it in 2000 there is no question--you treat it as any other investment that you got into and out of in a single year, with a profit or loss as the case may be.
A unit investment trust is a lot like a mutual fund, and you treat shares of those in the same way. It has a collection of stocks or bonds or whatever, buys them at the beginning of the trust. The prospectus may even state exactly which stocks or bonds will be bought. At some point, usually predetermined, the trust liquidates all assets and returns the money to the investors. For all of that to happen in a single calendar year is pretty fast, but it simplifies your accounting!
Best wishes, Chris
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.