MHH magellan high conviction trust

You should have received your annual tax statement which breaks...

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    You should have received your annual tax statement which breaks down all sections.

    That document outlines everything you require for tax. With regards to the $750 payment, and your confusion over there being "no" tax to be paid.

    It is highly likely if you check your annual tax statement under AMIT - attributed managed investment trust you will have a corresponding figure under the section which states decrease cost base.

    This means you have to adjust your cost base - lower it by the amount shown. When you sell you will the. be liable for higher capital gains tax. No such thing as tax free.

    In regards to the part which outlines the fees you paid for the year. This has nothing to do with your tax return. It is simply to understand how much you paid in fees.
 
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