My financial planner claims that it is "almost impossible" for me as an individual investor to properly calculate the capital gains on funds (of certain kinds) because of the transactions made by the fund during the year which may have had capital gains yet the fund could have lost money from the beginning to the end of the year. Don't the funds have to send each investor a report which outlines all of that for their taxes ?I'm not sure what you're trying to accomplish. You don't need to know what the capital gains/losses were for the fund during the year. There also is absolutely no way for you to determine what the capital gains distribution dividend from a fund might be because you don't know what trades they are making. On the other hand, you can always determine what your capital gain would be if you were to sell a fund. The only information that the a fund needs to provide to its investors for tax purposes is how much they distributed to the investor and whether that distribuion represents the investor's share of dividends and short term capital gains (reported as dividends) or long term capital gains.Ira
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