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I would like to invest in mutual funds when I get to college. However, there is the issue of tax. I would be only studying in college and not work. What can I do with tax issue because I won't understand anything about it. For example If I have a mutual fund in Vanguard, how can I report it when I get a job? Does a mail comes to my home? So if it arrives a give it to the CPA?

Unless your fund is in a tax deferred account, such as an IRA, you have to pay taxes on dividend and capital gains distributions. These are paid when you file your income tax for the year, even if you reinvest them in new shares instead of taking them in cash.

It's no different than receiving interest on a bank account. The fund company will mail you a tax statement each year with the amounts of your distributions. You include these amounts on your tax return in the appropriate places. If you use an accountant to do your taxes, be sure that you give this to him/her. If your taxes are simple (and they usually are for college students), then you can easily do it yourself.

If your funds are in a tax deferred account, then you don't have to deal with it until you sell shares and withdraw the money.

You are not taxed when investing, the taxes come in to play when you start to take money out or sell the fund.

Going to college to be an english major? If not, consider it cause your grammar sucks.
Besides your question makes no sense. Whatever you make OR LOSE in Vanguard has nothing to do with "reporting it when you get a job". If you earn enough in Vanguard you report it & pay taxes whether you have a job or not.

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