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Subject:  Need tax consequences advice please Date:  1/27/2013  10:28 PM
Author:  csm1rr Number:  117563 of 124480

Right now I have money in Merrill Lynch and Fidelity TRUST accounts that I will be investing. My first goal is to invest in items that pay dividends and then use the dividend money to add to my SS income AND not make a big tax paper mess for myself.

I am hoping to be doing my own tax return in 2013 after 20 plus years of having it done by a CPA.

I am familiar with individual stocks and mutual funds and how we receive year end statements listing all the different gains / losses for the year and the 1099 forms we usually receive by Jan 31 for the past tax year.

At first I thought about using TAX FREE funds such as NUV (Nuveen Municipal Value Fund) and KTF (DWS Municipal Income Trust). Then I found out that those 2 funds were Closed End Funds, not Mutual Funds. While researching CEFs, I discovered that CEFs can contain Part