Got a question about cap gains and dividend payouts inmutual funds.If you're directing that the cap gains and dividends bedirected back into the fund, are they taxable in thecurrent year or are they deferred until you start withdrawing the proceeds?I hate to admit ignorance in this area, but I'm a chartermember of the Dambda Phi No 'Chuteless Skydiving Society and Memorial Association. Our motto is "Without a 'chute yourworries about a malfunction are over".Thanks and regards,Mike
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