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Get your taxes done using TurboTax
this is what I found but have not actually been involved in such a situation
Generally the conversion from a mutual fund to an ETF is structured so as not to be a taxable event to shareholders. But if the mutual fund sells investments in its portfolio before the conversion, it may result in a recognition of capital gains for the mutual fund which could lead to taxable distributions to shareholders. If that happens, you may owe taxes on these distributions.
‎January 22, 2024
9:50 AM