What are the tax implications of investing with Legg Mason?

Investing with Legg Mason involves tax implications that should be considered. As a shareholder, you may be subject to taxes on dividends, capital gains, or both, depending on the investment product held. Dividends might be subject to ordinary income tax rates, while capital gains may be taxed at a different rate, either short-term or long-term. Additionally, Legg Mason's funds might generate taxable income from interest, securities lending or other transactions, which shareholders need to report. Furthermore, if you sell or redeem shares, it could result in capital gains or losses. Remember, tax laws are subject to change, and individual circumstances vary, so it is crucial to consult a tax adviser or professional for personalized advice on the tax implications of investing with Legg Mason.