Investments & Financial Planning
I Invested In A Mutual Fund On Dec 12 And Now Found Out I Have Substantial Taxable Gains In That Fund Even Though At The End Of The Year The Fund Was Worth About What I Paid For It. How Could That Be?
You probably bought the fund before its capital gain distribution. When you buy a fund before its capital gain distribution, you can end up owing money on your own money. Always buy after the distribution. Please contact a CPA in your community to avoid making these costly mistakes again.
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