Long term capital gains in Money Market account
I noticed a very unusual transaction in my Fidelity CA AMT-Free Money Market account. The transaction history is showing a long term capital gains distribution:
Unlike the regular long-term capital gains in most equity or bond funds, there is no change in the NAV (it remains at $1). Normally, income dividends from this fund are tax-free for me, however because of this abnormal long term capital gains distribution, I would end up having to pay some taxes for this event.
Stumble it!
