One of my biggest pet peeves

Written on September 26th, 2019 by James

If you are holding “active” mutual funds within a taxable account, you can end up with a tax nightmare.  2018 was a good example, market was down on the year but many unsuspecting investors got 1099′s because of active mutual fund cap gain distributions.  So your account is down but you still owe taxes!

This year the market is up, but you may still get some unwelcome taxable gains.  Here is a good article to explain it:

https://www.barrons.com/articles/the-looming-mutual-fund-tax-hit-51569523180?

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