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For 2018 return you can enter a Tradtional IRA deduction in the program and see the immediate impact.
For 2019, when you take money from a Mutual Fund you have to redeem shares of it, which is a sale.
To determine gain or loss, you would need to know:
Your cost basis in the mutual fund
When purchased
What is will sell for
Gain or loss
If it is capital gain you may not have any income tax impact in the 12% tax bracket, however first need to know if there is a gain or loss on the sale (redemption).
For 2018 return you can enter a Tradtional IRA deduction in the program and see the immediate impact.
For 2019, when you take money from a Mutual Fund you have to redeem shares of it, which is a sale.
To determine gain or loss, you would need to know:
Your cost basis in the mutual fund
When purchased
What is will sell for
Gain or loss
If it is capital gain you may not have any income tax impact in the 12% tax bracket, however first need to know if there is a gain or loss on the sale (redemption).
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