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Year-end Mutual Fund Distributions

If you’re invested in Mutual Funds, you might want to check to see if any of your funds are going to have any year-end distributions that will cause you to have a capital gain which you’ll need to pay taxes on. I know if sounds silly in a year where most funds have dropped 40+% but it can happen. I for one was shocked when my investment analyst called me to tell me that I was going to have to pay taxes on a gain.

If you do, you want to make sure to take some losses to offset the gains before the end of this year.

Written by Keith Byrd - Go to Keith's Website/Profile