How are dividends taxed in a mutual fund 2024?
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It is important to note first that mutual fund shareholders can be taxed on a fund's dividends, even if these distributions are received in cash or reinvested in additional shares of the fund. ... Instead, the investor will pay income taxes on withdrawals during the taxable year the distribution (withdrawal) is made.
2023-05-15 11:57:58
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Isabella Carter
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It is important to note first that mutual fund shareholders can be taxed on a fund's dividends, even if these distributions are received in cash or reinvested in additional shares of the fund. ... Instead, the investor will pay income taxes on withdrawals during the taxable year the distribution (withdrawal) is made.