Capital World Growth And Income Fund Foreign Tax
The fund s investment objective is to provide long term growth of capital while providing current income.
Capital world growth and income fund foreign tax. Capital world growth and income fund. Net short term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates. A fund pays a special dividend when the income earned by the fund exceeds the income the fund has paid in the form of. Net short term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates.
See american funds capital world gr inc fd performance holdings fees risk and. Long term capital gain distributions are taxed at a maximum 15 rate. Since 1931 capital research has invested with a long term focus based on. Foreign qualified dividend income worksheet.
The fund invests primarily in stocks of well established companies located around the world and that the investment. Long term capital gain distributions are taxed at a maximum 15 rate. Return after taxes on distributions and sale of fund shares are calculated using the historical maximum federal individual marginal income tax rates associated with fund distributions and also reflect the federal income tax impact of gains or losses recognized when fund s shares are sold at the end of the specified period. Determine if you can claim a foreign tax credit for foreign taxes distributed by a fund on earnings from investments outside the united states.
You may claim a foreign tax credit or take an itemized deduction for your share of the foreign taxes distributed by a qualifying fund. The fund is managed by capital research and management company one of the nation s oldest largest and most respected investment management firms. A fund pays a special dividend when the income earned by the fund exceeds the income the fund has paid in the form of. Foreign tax credit vs.
The fund seeks long term growth of capital while providing current income. The foreign taxes distributed by these funds are reported on your form 1099 div and you may claim a foreign tax credit or deduction for your share of the foreign taxes distributed.