Do I have to pay taxes for shares in a mutual fund I purchased in January 2011?

[hdlajeowho]

I purchased about 38000 shares in multiple mutual funds. If I purchased them on some day of January of 2011, do I still need to report any capital gains or interest up until due date of 2011 for my taxes for the year 2010?

 

[dslfhlalsl]

Taxes are paid in April for realized income during the previous calendar year (ending 12/31) typically.

And, you don't pay capital gains until you sell the stock (except in a very few unusual cases.) Similarly, interest income in an IRA is not taxable.

Again, what you pay on April 15th is for the previous calendar year.