
How on earth PIE Taxable Income is calculated ?
I'm struggling to understand how exactly it was calculated. Below explanation from InvestNow is the best one I can find.
I have invested in Foundation Series US 500. I received a tax summary report each year, and still have no idea how they come up with the taxable income. I understand what a PIE fund is, what PIR is. But for taxable income, all I know it was calculated "internally" and on a daily basic. Can anyone please shed a light on it ? Thanks.