2021-Tax Hits on Distributed Stock Market Gains

Doctors Must Understand the Tax Man

By Staff Reporters

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Mutual-fund physician and other investors with holdings in taxable accounts need to prepare for a tax hit on distributed gains — even if they reinvest the distributions. They can offset some or all of the gains (and taxes) if they’ve sold positions at a loss.

CITE: https://www.r2library.com/Resource/Title/082610254

Physicians and people who own mutual funds in tax-sheltered accounts such as 401(k)s or individual retirement accounts and are reinvesting the distributions, on the other hand, don’t have to worry. In those accounts, taxes only count when investors sell holdings in retirement, and those who have funds in qualified Roth IRAs won’t have to pay even then.

MORE: https://www.marketwatch.com/story/brace-yourself-for-an-extra-tax-hit-from-large-mutual-fund-payouts-11639175633?mod=home-page

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Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

ORDER: https://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

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