Asset Class Taxatio...
 
Notifications
Clear all

Asset Class Taxation

 

(@wolfv)
Eminent Member Customer
Joined: 7 months ago
Posts: 23
Topic starter  

This question is about PRC2022-Gold > FINANCIAL ASSETS > Asset Class Taxation > "TAXATION ASSETS IN REGULAR INVESTMENTS ACCOUNTS" table > "Growth Taxed Annually as LTCG" column.
The description for this column is missing from PRC2022-Gold-Users-Manual.v5, page 51, "Guidance for Determining the Numbers to Put in the Taxation Table".

Also, the descriptions in the manual are in a different order than the PRC columns.
In the manual, "tax-exempt earnings" is listed 3rd; while "Growth is Tax-Free" appears in the 5th column.

Or maybe the manual is correct and I am just not understanding something.

What is the formula for the "Growth Taxed Annually as LTCG" column?

Also, when I enter a number into the table, the row's background color turns bright yellow.
What is the mean of a yellow table row?

I am using Mode 2.


Quote
(@wolfv)
Eminent Member Customer
Joined: 7 months ago
Posts: 23
Topic starter  

I just found this in the manual: bright yellow means the row is not adding up to 100%.


ReplyQuote
(@smatthews51)
Member Admin
Joined: 2 years ago
Posts: 380
 

Growth taxed annually as LTCG simply means that the associated portion of the annual growth of the regular taxable account is taxed as long term capital gains. This can occur when some of your assets are in mutual funds.

Stuart


ReplyQuote
Share: