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I am new to this board, and have the concerns about the tax implications of two Janus funds I own. I don't have much in it, and I have lost about 15% in it this year. I am much more foolish now, and want to get out of the mutual fund world. If I sell the funds now, will I be be able to take the loss against any gain that I might have a liability for? I have only been in the funds since March, so how does that work if they are distributing long term gains and I only have short term losses?

How do I find it now, before the end of the year, if I do have a tax liability? If I ask Janus can/will they tell me? I am going to take the cash and put it back in my own actively managed stocks, and my Vanguard Index fund. I am just waking up and smelling the coffee here, so any thoughts are appreciated!
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