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In May 2016 FDI merged or was converted to UBS Total Return Bond Fund Class P. For income tax purposes, do I treat it as a "sale" of FDI and "purchase" of UBS bond fund or not?
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Yes. Fund mergers are considered a redemption of investments from one fund and a new purchase in another.
Yes. Fund mergers are considered a redemption of investments from one fund and a new purchase in another.
I haven't looked this one up so I really don't know the answer, but if you got a 1099-B as a result, then the answer is "Yes".
Tom Young
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