No, the capital gain will be taxed as ordinary income. Capital gains are (basically) profits you receive from your investments. The worst case scenario is that your gains will be taxed as ordinary income (ex: your salary). There are ways to reduce your capital gains. For example, you should have held onto the Janus 20 until a year + 1 day after your initial purchase. That would have then become what is called a long term capital gain which carries a lower tax rate.You might want to check out TMF's guide to investing at http://www.fool.com/school/13steps/13steps.htmIt'll help you with the basic terms you should know and help you avoid some newbie mistakes.
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