Year-end tax planning for mutual fund distributions

The good news for mutual fund owners as a group this year is that distribution of capital gains are projected to reach $22 billion, up sharply from last year's $6 billion, according to Capital Gains Fuel Tax Code Debate. The bad news, of course, is that taxes will have to be paid on the gains, even if they are reinvested. A bill to change that tax treatment has faltered as attention has turned to hurricane relief and other unfinished tax business.