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Get your taxes done using TurboTax
@MalikHenry wrote:I still pay at capital gains even though I am still under my contribution amount?
Again, your contribution amount is irrelevant.
However, you will not pay capital gains tax on unrealized gains. Therefore, you would have to actually sell $100,000 worth of the ETF (in your example) before you would even have to report the gain.
‎June 8, 2022
2:41 PM