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jackkoz
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Sold stocks from retirement account but did not pay taxes- financial advisor sold what I put in not the the gain\now out of 15000 $ i own 75000 with interest .Is that ok

 
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Sold stocks from retirement account but did not pay taxes- financial advisor sold what I put in not the the gain\now out of 15000 $ i own 75000 with interest .Is that ok

Your statement needs clarification. If the retirement account was a tax deferred account and all the contributions were pre-tax, then the entire amount of the distribution is taxable not just the capital gains. You should receive a 1099-R at tax time and you enter it on your tax return.  Financial institutions are generally required to withhold 20% federal taxes on a tax deferred account distribution.

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