Tax implications
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Tax implications In a partial withdrawal there are no tax consequences unless you take more than your tax basis. Basis is contributions plus amounts previously taxed on. When you sell the stock you may have a gain or loss depending on the cost basis of the stock. Linda Pointe players Sent via the Samsung GALAXY S(R)4, an AT&T 4G LTE smartphone -------- Original message -------- From: Beth A Theiss Date:09/21/2014 2:55 PM (GMT-05:00) To: club_cafe@bivio.com Cc: fbtheiss@gmail.com Subject: [club_cafe] Tax implications my personal TDA account rather than to take a cash withdrawal.. looking at the Member Status Report, will this defer paying tax on the Tax Basis by transferring rather than taking a cash withdrawal? This withdrawal is all profit since I have invested a little less than I have in Market Value...Am I thinking right? We reorganized and I am trying to level the playing field with the new members. My market value is $6702. And my tax basis is $7007. Does your answer tell me there is no taxable income if I would take a cash withdrawal? On Sunday, September 21, 2014, Linda <wiltse@optonline.net> wrote:
-- Fred and Beth Theiss Yes. In a partial withdrawal, if you withdraw less cash than your tax basis as of the end of the year, you will not owe any immediate taxes on the withdrawal. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe Thanks for your immediate answers. That is great. On Sunday, September 21, 2014, Laurie Frederiksen <laurie@bivio.biz> wrote:
-- Fred and Beth Theiss |
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