Tax Sales Gain definition

Tax Sales Gain or "Tax Sales Loss" shall mean, for any day, the sum, if positive, or if negative, as the NB128986.2 6 case may be, of all items of gain or loss recognized by the Trust on such day for federal income tax purposes from the sale or other disposition of Securities (other than items of gain or loss included in Remaining Built-in Gain, Remaining Built-in Loss, Remaining Appreciated Gain or Remaining Depreciated Loss with respect to such Securities).
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Examples of Tax Sales Gain in a sentence

  • Allocations of Tax Sales Gain, Tax Sales Loss, Remaining Built-in Gain, Remaining Built-in Loss, Remaining Appreciated Gain and Remaining Depreciated Loss are solely for purposes of federal, state and local taxes and shall not affect, or any way to be taken into account, in computing any Interestholder's Book Capital Account or share of Book Sales Gain and Book Sales Loss, other related items, or distributions pursuant to any provisions of this Agreement.

  • Allocations of Tax Sales Gain, Tax Sales Loss, Remaining Built-in Gain, Remaining Built-in Loss, Remaining Appreciated Gain and Remaining Depreciated Loss are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account, in computing any Shareholder's Book Capital Account or share of Book Sales Gain and Book Sales Loss, other related items or distributions pursuant to any provisions of this Declaration of Trust.