If I sell stock or mutual fund in a 401k plan and leave as cash in the account do I pay tax?
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.
If I sell stock or mutual fund in a 401k plan and leave as cash in the account do I pay tax?
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.
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