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Retirement tax questions
Would that be double paying tax. For instance: Suppose the proceeds minus costs are reported on your taxes and you pay taxes on the gain (ex: 10k), but you don't actually take your gain ourt and it gets re-invested. Years later, you decide you want that gain (10k), wouldn't you be paying taxes on it when you take it out. You will get a 1099 distribution.
That would be double paying tax
March 28, 2021
12:22 AM