Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Here is the answer I got from her when I asked for clarification:
"My concern over the capital gains is that in a fund environment versus a direct investing (individual stocks) you do not have control over when capital gains are passed through from the fund as the manager makes that decision inside of the fund as to what to sell/buy. If he/she decides to sell a position inside of the fund that generates a gain, that is passed onto you. You may have capital gains from the fund while still experiencing a decrease in market value. With individual stocks, you have total control over when the position is sold and thus can control your gains. This is only a concern to me in your Trust account since it is money that is already taxed....."
This is actually different than what she said in a phone call, which I posted originally. I care because I have to pay taxes, and I have to know how much to pay.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.