Cap gains question

James Leone linuxcpa at netscape.net
Thu Jul 17 10:07:50 CDT 2003


lapham at extracta.com.br wrote:

> Can income from interest be considered cap gains?  Interest from a 
> bank account, CD, etc.

No.  However, a bank may report an investors share of capital gains 
earned in a mutual fund on the same earnings report.

James Leone, CPA




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