THE GOVERNMENT WANTS A CUT OF YOUR MUTUAL FUND'S EARNINGS
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Of course, there is much more to learn about the taxation of mutual funds, but our discussion should help you identify taxable income and the forms you will need, and prepare you to study the finer points of taxes further. There are always little nuances, as well as little-known strategies, that you should know if you want to gain the most from your mutual fund. Knowing these will help you to avoid being caught unprepared when the government comes to take its share of your earnings.
For more information on mutual funds, see the related tutorials in the Mutual Funds group. Click here to learn even more about this topic with the Encyclopedia of Personal Finance™