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John:

Are you saying that I should be paying taxes on my non-IRA account? I'm new to this game and I didn't think you paid taxes on investments until you sold them.

I currently have dividends from my Vanguard account automatically reinvested so I never see them. So, do I have to list them as income on my tax return even though I didn't receive any money from Vanguard?

Can you point me to any reading material that would better explain when I'm supposed to be paying taxes on a non-IRA mutual fund and how much I'll be taxed?

Thanks.

-Scott the Newbie
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