Hefty Fund Payouts Trigger Big Tax Hit

This can be a taxing time of year for mutual fund investors. Toward the end of each year, mutual funds generally distribute to shareholders their net capital gains, or profits on the sale of fund holdings. If you hold funds in a taxable account, you will owe tax on those distributions--even if you reinvest them back in the fund. And if you buy into a fund just before a distribution, you