Tying it All Together
- Kavitha Thangaswamy (Unlicensed)
- Pamela Totas (Deactivated)
A distribution that has MFP Logging in the mutual fund field set up set to Taxable Income has all of its data logged to a series of columns (in MFP_AUDIT_DETAILS) prefixed with INC (derived from the code values described in the previous section). For examples of MFP taxable income data, see the following table.
Data | Description |
|---|---|
INC_DISTR_AMT | Per share distribution amount |
INC_TAX_RATE | Applicable tax rate |
INC_PRETAX_ACCR_AMT | Pre tax dollar amount of distribution |
INC_POSTTAX_ACCR_AMT | Post tax dollar amount of distribution |
INC_REINVEST_DATE | Reinvest date of the distribution |
INC_REINVEST_SHARES | Reinvest shares for this distribution |
Similarly, a distribution that has MFP Logging in the mutual fund field set to Short Term Capital Gain has all of its data logged to a series of columns (in MFP_AUDIT_DETAILS) prefixed with STCG. For an example of MFP short term capital gain data, see the following table.
Data |
|---|
STCG_DISTR_AMT |
STCG_TAX_RATE |
STCG_PRETAX_ACCR_AMT |
STCG_POSTTAX_ACCR_AMT |
STCG_REINVEST_DATE |
STCG_REINVEST_SHARES |
This is repeated for each of the unique distribution types, which makes it possible to track the impact to the return for each distribution type. For example, instead seeing only that there were 5 additional shares purchased from distributions, you can track that 2 of them came from short term capital gains, 2.5 came from long term capital gains, and .5 from taxable income.