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Why am I Getting Taxed on Capital Gains in my Mutual Funds in Non Taxable Accounts?

| December 05, 2019
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Why am I Getting Taxed on Capital Gains in my Mutual Funds in Non-Taxable Accounts?

If a mutual fund manager sells a position within the fund to make an investment change, and the price has increased since the investment was purchased, you may find yourself with a tax bill from your taxable (non-retirement) accounts for these capital gains distributions. A financial advisor may be able to assist you toward potentially reducing these tax burdens through tax-efficient or low-turnover funds. There are a number of considerations which go into these types of decisions, including fees and suitability, so contact an advisor to discuss your current portfolio and what might make sense for your circumstances.

This information is provided for general educations purposes only and is not intended as specific advice for any individual.

Seek professional advice before taking any action in regard to your finances.

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