CRPC Exam Questions with Correct Answers

CRPC Exam Questions with Correct Answers Long-Term Capital Gains than one year. 1. Net gains from the sale of share held by the fund for more 2. Subject to the capital gains rates, usually lower than ordinary income tax rates. Short-Term Capital Gains year or less. 1. Net gains from the sale of shares held by the fund for one 2. May be treated as ordinary dividends, thus taxable at ordinary income tax rates. Qualified Dividends 1. Dividends from common stock of domestic corporations and qualifying foreign corporations. 2. Normally taxed as long-term capital gains (subject to certain holding period restrictions). Ordinary or NonQualified Dividends 1. Investment income earned by the fund from interest and nonqualified dividends minus expenses; often used a sa blanket term that includes all taxable income except long-term capital gains. 2. Taxable at ordinary income rates.