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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

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Nov 6 4:00 PM EST

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To: Casaubon who wrote (65146)	12/24/2000 12:39:05 AM
From: B.K.Myers	Read Replies (1) of 99985

Causabon, Here is one way that you can loose money and still have a tax bill. If you purchased a mutual fund at a higher price than it is currently trading for, you have suffered a loss. However, that mutual fund has probably distributed capital gains and dividends during the past year. You will have to pay tax on the capital gains / dividends that were distributed to you (even if you reinvested those proceeds). Since you have not sold your mutual fund, you do not get a tax write-off for the decline in its market value. I wonder how the average investor is going to react when the receive their annual mutual fund statement showing that they lost money last year and a 1099 showing that they made money and have to pay tax on that money. I don’t know if we have ever seen a situation like this before. B.K.

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