In general, Cable Car’s investments will result in reportable capital gains and dividend income. Tax statements are available each calendar year from the custodian. Clients should be aware that certain investment-related expenses, including Cable Car’s management fee, may not be tax deductible. To the extent practicable, Cable Car attempts to minimize the realization of net short-term capital gains in taxable accounts. Upon client request and on a best efforts basis only, Cable Car can make trades in client accounts designed to harvest tax losses or gains.
Cable Car is not qualified to provide tax advice; clients should consult a qualified tax professional with tax questions.
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