These Funds Can Reduce Your Tax Headache
Even with the recent runup in stocks, these quality offerings have been tax-efficient.
Note: This article is part of Morningstar's February 2014 Tax Relief Week special report.
As anyone who's enjoyed themselves a little too much at a party knows, sometimes there's a hangover to be reckoned with. For many investors holding mutual funds in taxable accounts, the hangover from last year's market runup has been arriving in their mailboxes in the form of a tax form--a 1099, to be exact--telling them how much they owe in federal taxes on the capital gains and income distributions spun off by their holdings.
Adam Zoll does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.