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Purk and Associates
St. Louis CPAs and Business Advisors
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Daily Archives: October 21, 2020

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Buying and selling mutual fund shares: Avoid these tax pitfalls

UncategorizedBy Jim BurgessOctober 21, 2020

If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares. Surprise sales You may already have made taxable “sales” of part of your mutual fund investment without knowing it. One way this can happen is if your mutual fund allows you to write checks against your fund…

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