Net Gains: Mutual Fund Investors, Even Those Who Lost Money, Could See Higher Taxes
How would you like to pay taxes on an investment that has lost more than 40 percent this year?
Sounds unfair, yet that's exactly the situation facing many mutual fund owners as we wind down one of the worst years ever for investors.
Scores of mutual funds that posted big returns in past years but are down 40 percent or more this year are scheduled over the next few weeks to pay accumulated capital gains to their shareholders, triggering ugly tax consequences for them.
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