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Get your taxes done using TurboTax
Used to hate getting these cap gains. If it's an actively managed fund with a lot of turnover in holdings and history of large cap gains distributions but you like the fund then it may be better off in a tax deferred account (IRA/ROTH) if you have that. Also look out for buying funds in taxable accounts just before the ex date for these distributions usually late in the year, or you end up paying taxes on cap gains but didn't see any benefit from any associated price appreciation over the year. Generally, index funds or ETFs may be more efficient for a taxable account but it depends on the fund. If you are using Schwab, Fidelity etc there may be materials or advisors available to you that can help look at this topic in more detail.
‎February 10, 2025
11:27 AM