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I'm a new investor & just finished the first four chapters of 'The Motley Fool Investment Workbook'. The workbook stresses the importance of investing first in tax sheltered accounts to avoid paying taxes on investment income.

Because of the new Child Tax Credit I actually receive more credit than I owe in income tax.

Would it be to my advantage to report my investment income now when I owe no taxes, instead of later when I may owe taxes?

I'll be starting my investment program w/ $5,000 in the Foolish Four so we're not talking big bucks here. Thank you for your time. Tom Davis
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