Mutual fund cap gains Last year i was caught out by a couple of my non-IRA mutual funds that had around $5K of LT cap gains, for which I had to pay taxes for in my annual return.
This year at least I am prepared for the same type of gain. My question is should I take the gain as a distribution and pay taxes on the income or should I let the gain re-invest and take the hit in my annual return? Either way I have to pay taxes, although if I take the income I can at least pay the tezes off with what I made as income.
Any help/advice appreciated. |