|The Independent Investor: ETFs Are Tax Efficient|
12:27AM / Friday, March 11, 2011
Tax time is drawing closer and as it does, the annual barrage of questions concerning investments, portfolios, dividends and capital gains distributions are keeping financial advisors and accountants quite busy.
"One of the most frustrating issues to me," writes a Long Island investor, I'll call Joey G., "are the mutual fund capital gain distributions."
As a large holder of mutual funds, every year, between November and December, Joey is hit with substantial taxable capital gain distributions from the mutual funds he owns.
"I have no idea how much they are going to be or when they are going to be distributed until it's too late, so there's no way I can plan
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