The National Directory of Certified Public Accountants

Ask A CPA - Taxes - My Tax Return

How Could I Have Taxable Capital Gains On A Mutual Fund That Is Worth Less Today Than It Was Last Year?

Fund managers buy and sell stocks throughout the year. When the managers sell stocks with a large gain, that share of the capital gain must be allocated to you and everyone else in the fund even though the balance of the portfolio includes unrealized losses and the fund is down in value.

If you need professional help with "Taxes - My Tax Return" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.