Cap gains question

[Jon Lapham]

James Leone wrote:
> 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
> 

That makes sense.  That is why I'm putting mutual funds in the same part 
of the manual as stocks.

In terms of gnucash (and I guess taxes), stocks and mutual funds are 
essentially the same thing.  Right?

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  Jon Lapham  <lapham at extracta.com.br>          Rio de Janeiro, Brasil
  Work: Extracta Moléculas Naturais SA     http://www.extracta.com.br/
  Web: http://www.jandr.org/
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