Get your taxes done using TurboTax

Ordinarily not.  If you sold for a capital gain, you may owe capital gains tax, but it depends on the amount of the gain, and other income you have.  Capital gains are taxed at 0%, 15% or 20%, depending on your income, and if the gain is sufficiently large, you would also owe the Net Investment Income Tax of 3.8% on part of the gain.

View solution in original post