Money Manager vs. Personal Trading (tax issue)

[(former)FormerSanDiegan]

ucodegen – good point on tax treatment of Mutual funds. Depends on the trades the fund makes and ultimately the type and timing of distributions.
These distributions happen typically in December.
Something to definitely be aware of, since you can pay taxes on a capital gain distribution that the fund makes even if you don’t have any gain personally. It’s a non-event for tax-deferred accounts, but in taxable accounts it sucks.

I generally prefer ETFs, so that I can control the tax consequences more directly.

[Rockemsock]

Thanks for all the info everyone, much appreciated. If I get a 1099 every year from my portfolio manager, then essentially there is no tax benefit to using a manager (assuming the same investments). This is exactly what I wanted to know, thanks.

I’m not saying there’s no benefit mind you…just saying there’s no tax benefit.

Thanks for the info about the ETFs…i’ll give that a look as well.

Is it just me or is our tax system a bit complicated? Flat tax anyone?!

[Rockemsock]

Thanks for all the info everyone, much appreciated. If I get a 1099 every year from my portfolio manager, then essentially there is no tax benefit to using a manager (assuming the same investments). This is exactly what I wanted to know, thanks.

I’m not saying there’s no benefit mind you…just saying there’s no tax benefit.

Thanks for the info about the ETFs…i’ll give that a look as well.

Is it just me or is our tax system a bit complicated? Flat tax anyone?!

[Rockemsock]

Thanks for all the info everyone, much appreciated. If I get a 1099 every year from my portfolio manager, then essentially there is no tax benefit to using a manager (assuming the same investments). This is exactly what I wanted to know, thanks.

I’m not saying there’s no benefit mind you…just saying there’s no tax benefit.

Thanks for the info about the ETFs…i’ll give that a look as well.

Is it just me or is our tax system a bit complicated? Flat tax anyone?!

[Rockemsock]

Thanks for all the info everyone, much appreciated. If I get a 1099 every year from my portfolio manager, then essentially there is no tax benefit to using a manager (assuming the same investments). This is exactly what I wanted to know, thanks.

I’m not saying there’s no benefit mind you…just saying there’s no tax benefit.

Thanks for the info about the ETFs…i’ll give that a look as well.

Is it just me or is our tax system a bit complicated? Flat tax anyone?!

[Rockemsock]

Thanks for all the info everyone, much appreciated. If I get a 1099 every year from my portfolio manager, then essentially there is no tax benefit to using a manager (assuming the same investments). This is exactly what I wanted to know, thanks.

I’m not saying there’s no benefit mind you…just saying there’s no tax benefit.

Thanks for the info about the ETFs…i’ll give that a look as well.

Is it just me or is our tax system a bit complicated? Flat tax anyone?!

[(former)FormerSanDiegan]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

Yes, taxes are way too complicated, it’s not just you.

[(former)FormerSanDiegan]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

Yes, taxes are way too complicated, it’s not just you.

[(former)FormerSanDiegan]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

Yes, taxes are way too complicated, it’s not just you.

[(former)FormerSanDiegan]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

Yes, taxes are way too complicated, it’s not just you.

[(former)FormerSanDiegan]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

Yes, taxes are way too complicated, it’s not just you.

[SK in CV]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

If only it was so easy. A flat tax would do little to simplify our tax system. Since the early to mid 80’s we’ve had only 3 or 4 different tax rates. Before then (as I recall) it was closer to 8 to 10. Even that wasn’t so complicated. 10 seconds with a calculator is all it took. Most of the complications are related to computing taxable income. Simplifying that isn’t so simple.

[SK in CV]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

If only it was so easy. A flat tax would do little to simplify our tax system. Since the early to mid 80’s we’ve had only 3 or 4 different tax rates. Before then (as I recall) it was closer to 8 to 10. Even that wasn’t so complicated. 10 seconds with a calculator is all it took. Most of the complications are related to computing taxable income. Simplifying that isn’t so simple.

[SK in CV]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

If only it was so easy. A flat tax would do little to simplify our tax system. Since the early to mid 80’s we’ve had only 3 or 4 different tax rates. Before then (as I recall) it was closer to 8 to 10. Even that wasn’t so complicated. 10 seconds with a calculator is all it took. Most of the complications are related to computing taxable income. Simplifying that isn’t so simple.

[SK in CV]

[quote=Rockemsock]
Is it just me or is our tax system a bit complicated? Flat tax anyone?![/quote]

If only it was so easy. A flat tax would do little to simplify our tax system. Since the early to mid 80’s we’ve had only 3 or 4 different tax rates. Before then (as I recall) it was closer to 8 to 10. Even that wasn’t so complicated. 10 seconds with a calculator is all it took. Most of the complications are related to computing taxable income. Simplifying that isn’t so simple.

[Author]

Posts