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Later that month a representative indicated that the capital gains distribution credited to her account was a computer error.
FORBES: Sodexo's Twisted 401(k)
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When questioned about what happened to the capital gains distribution amount taken from her account, the ING representative had no answer.
FORBES: Sodexo's Twisted 401(k)
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You may have had a massive capital gains distribution this month, or are about to have one, and you'd like to reduce your tax liability.
FORBES: Magazine Article
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As of Aug. 31, the high-flying Amerindo Technology Fund posted a one-year return of 389%, but its shareholders could face a capital gains distribution of around 33% this year.
FORBES: Move over, mutual funds
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In January, the retiree contacted the mutual fund company involved for information about any capital gains paid in December and was told there had been a distribution, furthering confusing the investor.
FORBES: Sodexo's Twisted 401(k)
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About the only way Congress could fix that huge distribution problem would be to raise tax rates on capital gains and dividends an idea strongly opposed by Romney and most congressional Republicans.
FORBES: Do The Math: Why Trimming Tax Breaks Won't Allow U.S. To Easily Cut Rates