Hi-I'm a little confused by tax accounting for mutual funds.Let's say that I bought the Gizmo Fund (symbol WHIZX) on 1/2/98 for $10,000. In 1998, I got a letter saying that there were:$1,000 in long term gains$500 in short term gains$150 in dividendsIn 1999, I got another letter:$2,000 in long term gains$700 in short term gains$350 in dividendsOn 1/2/00, I sold the fund for $12,000.What do I owe taxes on, and when?Thanks,HaroldPS - I apologize if this question has been asked before - I did a search and looked through the FAQ's.
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