Legal Question in Wills and Trusts in Florida

Re: Income versus principal

Hello,

This is a difficult question because you provided so little information. A long term capital gains distribution is income, but taxed at capital gains rates. I am not sure what you mean by principal, but if this is a mutual fund, principal is not distributed or taxable, unless there is gain and it is sold. This is just general information, I have no idea if this adequately addresses your question. Best wishes,

Mark J. Mahoney