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Time mutual-fund transactions

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in Small Business Tax

If you intend to sell mutual-fund shares, act before Dec. 1. Reason: That’s when many mutual funds begin to declare their annual dividends, which are subject to tax. On the other hand, if you want to buy mutual-fund shares, wait until the ex-dividend date passes. Otherwise, you’ll pay tax on part of the money you just invested. Call mutualfund companies for the exact dates.

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