Some may be shocked by investment tax bill

12/22/2008 | Seattle Times, The

Mutual funds were down as much as 40% on average last year, but investors may be surprised when they declare taxable distributions. "When individuals find out they have to pay taxes for gains in one of the worst years in stock-market history, it's likely to stir shock or outrage among those who pay little attention to the process," Dave Carpenter writes in an Associated Press analysis of the issue.

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