As provided by the National Internal Revenue Code, as amended, gains realized upon redemption of shares in a mutual fund company are exempt from income tax. This is an effort to encourage everyone to save more, however, there are fees involve in buying mutual funds, you may check this article for the details: What are the fees involved in mutual funds?
What are the taxes involved when investing in mutual funds? Print
Modified on: Wed, 7 Jul, 2021 at 10:42 AM
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