FYI: Tax time means many mutual-fund investors are paying the bill for their funds' past successes, even ones that predate their own investment.
Anyone with a fund in a taxable account is now sitting down with their 1099 forms, or will be by April 18. That's because funds paid out capital-gains distributions to their shareholders in December, and investors with a fund outside a 401(k) or another tax-advantaged account are liable for taxes on them, even if they didn't sell any shares.
Regards,
Ted
http://bigstory.ap.org/article/114dd31a43a048f2a800d137b0418612/smaller-bite-tax-bills-dip-most-popular-mutual-funds
