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Excess Reportable Income Vanguard for 2018-2019

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Alaric
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Re: Excess Reportable Income Vanguard for 2018-2019

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Postby Alaric » April 23rd, 2019, 12:55 pm

scrumpyjack wrote:Excess reportable income would certainly be an addition to cost no matter how long ago it arose since acquisition. It is income deemed to have been distributed to you and then reinvested by you back into your holding.


That's the same as when you hold accumulation units of an OEIC. The difference is that you get an official statement from the OEIC or your Broker/platform telling you the amount. It was still a pain remembering to add it to taxable income and book cost.


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