Tag Archives: mutual fund distribtutions

Many of you who have mutual funds in a brokerage (taxable) account are about to get a nasty surprise – a big 1099 which will result in your having to pay taxes. In mid December many mutual funds “paid out” taxable gains to shareholders (this does NOT apply to IRA’s, 401(k)’s and other tax-deferred accounts). You didn’t get a check – but you DID get a taxable distribution. And you may even get a tax bill on “gains” — even if your fund lost money in 2014. … Continue reading