ImaCheesehead
Recycles dryer sheets
- Joined
- Mar 6, 2013
- Messages
- 115
I have a couple of small mf’s at Hartford funds that declared 2018 capital gains at the very end of the year at approx 22-23% of NAV. I was really surprised and it messed up my taxes big time, bye-bye refund. The 2 funds together were valued at about 54k at the end of 2017, and that year had about $3,500 in gains. At the end of 2018 the funds were down about 3-4 k to about 51k and the cap gains were $12,500. NOT expecting that, and I don’t remember it happening like that before.
Is there a way I could have known this was about to happen
Clearly I don’t know enough about these funds, they are just some old mf’s that I got back in the mid 90’s and never really thought about again, they have just been sitting out there.
I figure I should probably sell them because with this huge CG, and with all the years I have been paying CG taxes, I cannot imagine I have anything but a loss there. I can’t find any transaction history in either fund before 2016 on the Hartford site, but I would imagine I have most of the paper year end statements somewhere in storage.
Jeez this is ticking me off, both because of the actual surprise of it, and the fact that I was stupid enough to be in a position that it surprised me.
Is there a way I could have known this was about to happen
Clearly I don’t know enough about these funds, they are just some old mf’s that I got back in the mid 90’s and never really thought about again, they have just been sitting out there.
I figure I should probably sell them because with this huge CG, and with all the years I have been paying CG taxes, I cannot imagine I have anything but a loss there. I can’t find any transaction history in either fund before 2016 on the Hartford site, but I would imagine I have most of the paper year end statements somewhere in storage.
Jeez this is ticking me off, both because of the actual surprise of it, and the fact that I was stupid enough to be in a position that it surprised me.