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The tax rate is zero provided you have sufficient basis.
Nondividend distributions are a return of capital and not taxable; the distribution merely reduces your basis. To the extent the distribution exceeds your basis, you have capital gain (taxable at capital gain tax rates).
The tax rate is zero provided you have sufficient basis.
Nondividend distributions are a return of capital and not taxable; the distribution merely reduces your basis. To the extent the distribution exceeds your basis, you have capital gain (taxable at capital gain tax rates).
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