Q. I have a taxable target retirement account at Vanguard. I received my 1099 with a substantial capital gain, which I didn’t receive, but it was reinvested. Now one month later, all my capital gains and quite a bit more has vanished from my net worth. Is there a way to minimize the tax?A. We’re sorry to hear that your account has taken a hit and that you’re still stuck with a tax bill.in 2021 and then your reinvested gain decreases in value the next year.
Unfortunately, there is no way to minimize your taxes in 2021 based on this set of circumstances, said Gail Rosen, a Martinsville-based certified public accountant.
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