amyg55
New Member

Get your taxes done using TurboTax

Right, I know this. I know they are gains from the stock. I am still being taxed on the capital gains as it it were regular income. I had no idea that this was how mutual funds work. I have done my own taxes for years and this is the only time I have even seen a huge amount being taxed as if it were income. Had I known, I would have transferred all into an account non-taxable until I actually cash out and use the money.