dk: What about taxes when Investing in CD and Mutual funds?
1)If I decide to invest in those two, what are the tax implication? 2)How do you pay for taxes for these when they are matured? IS there a way of reporting it?
3)How?
Answers and Views:
Answer by es
Yes, you will get a year end interest statement and pay taxes as part of your regular filing. Of course, the banks and mutual funds report to the government. You may wish to investigate tax free municipal bonds if you don’t want to pay taxes on your investments.
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