u/Dependent-Juice1428

Embarrassing in how rudimentary it is, but I still haven’t gotten a definitive answer.

I just started investing this January, roughly a 70/30 split between FZROX/FZILX. My question is: If I plan on reinvesting dividends and not cashing out any of my gains, do I still have to pay annual taxes on what’s earned?

I understand that interest/dividends count as earnings, but if I don’t intend to touch the account for decades, do I still have to pay on what’s earned when (presumably) the assets invested will fluctuate with the market?