If I sell stock or mutual fund in a 401k plan and leave as cash in the account do I pay tax?
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1 Best answer
DianeW
Expert Alumni
Jun 4, 2019 11:39:41 AM
No, as long as the money stays in the retirement plan, any transactions of buy and/or sell do not affect your tax return. At any time a distribution is taken from the retirement account, then there would be tax consequences.
1 Replies
DianeW
Expert Alumni
Jun 4, 2019 11:39:41 AM
No, as long as the money stays in the retirement plan, any transactions of buy and/or sell do not affect your tax return. At any time a distribution is taken from the retirement account, then there would be tax consequences.