RSSP mutual fund with gain & loss

tony · Post by **tony** » Wed May 10, 2017 1:13 am

Even there is no transaction (buy / sell), the transaction summary shows :
1. gain. some times there is loss (negative) value.
2. saving bonus

Questions:
1. In this case, is the gain considered unrealized or realized?
2. if it is unrealized, it means i don't need to include it in the tax? (to california)

thanks

nelsona · Post by **nelsona** » Wed May 10, 2017 7:53 am

Treat the RRSP as a normal account. if it was an interest or cap gain distribution, it is taxable in Cali. change in value is neither a gain nor a loss.

tony · Post by **tony** » Wed May 10, 2017 4:05 pm

1. how do i know if it is a distributionn?
2. Can a fund generate a loss distribution?

N.B
The transaction history says "gain/losses". Furthermore, when there is no buy/sell transaction, it can generate a "loss".

thanks

nelsona · Post by **nelsona** » Wed May 10, 2017 6:46 pm

1. Your statements will say so.
2. No. Distributions are profits that the fund give to their fund holders, generated from sales and trades that the funds make during the year. No profit, no distribution. This is pretty fundamental stuff.. maybe you could educate yourself on how mutual funds work.

nelsona · Post by **nelsona** » Wed May 10, 2017 6:47 pm

what you are looking at is change in value from one reporting period to the next. This has nothing to do with any taxable events or distributions.