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Templeton Emerging Markets Income Fund T.TEI


Primary Symbol: TEI

Templeton Emerging Markets Income Fund (the Fund) is a closed-end management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries. The Fund invests in bonds from emerging markets around the world to generate income for the Fund, seeking opportunities while monitoring changes in interest rates, currency exchange rates and credit risk. Its investment portfolio includes foreign government and agency securities, corporate bonds, convertible bonds, and short-term investments. Its markets are located in the Asia Pacific region, Eastern Europe, the Middle East, Central and South America and Africa. The Fund's investment manager is Franklin Advisers, Inc.


NYSE:TEI - Post by User

Comment by HRc60to65on Feb 27, 2020 8:59am
100 Views
Post# 30739747

RE:Accrued Deb interest paid May2019 WITH SHARES, but T5 shows

RE:Accrued Deb interest paid May2019 WITH SHARES, but T5 shows If your shares are not sold.  Put a provision for loss in your income tax form.  The provision for loss is your TEI cost per share minus the last trade price per share at the end of 2019.
If you owned 500,000 shares at a cost of .15/share and the last trade is at 0.005/share.
Your provision for capital loss is  72,500$  = 500,000 x (.15 - .005) and your new cost is 0.005/share.  That provision for capital loss is applied agains your all other capital gains to reduced your income tax.
If you did have capital gain in your taxable income, you don't have an incentive to take a provision for loss and you keep your cost at 0.15$/share for all your TEI shares.

It is legal to take a provision for loss, because if you don't take it in 2019, you will take in 2020 or 2021... and the loss can be apply to all years in the past to reduce your past capital gain or applied in the futur again new capital gain.

That way, you are keeping your cash now instead to give it in income tax today and reclaim it in a year or later.
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