topic If you exchange funds in a mutual account, would the gain-even though you don't cash out and its invested in the exchange-be considered as income? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/if-you-exchange-funds-in-a-mutual-account-would-the-gain-even-though-you-don-t-cash-out-and-its/01/576321#M234559 form 1099-B had been sent for these. Wed, 05 Jun 2019 21:56:20 GMT Franky804 2019-06-05T21:56:20Z If you exchange funds in a mutual account, would the gain-even though you don't cash out and its invested in the exchange-be considered as income? https://ttlc.intuit.com/community/taxes/discussion/if-you-exchange-funds-in-a-mutual-account-would-the-gain-even-though-you-don-t-cash-out-and-its/01/576321#M234559 form 1099-B had been sent for these. Wed, 05 Jun 2019 21:56:20 GMT https://ttlc.intuit.com/community/taxes/discussion/if-you-exchange-funds-in-a-mutual-account-would-the-gain-even-though-you-don-t-cash-out-and-its/01/576321#M234559 Franky804 2019-06-05T21:56:20Z Yes, when you exchange mutual funds, the gain is taxable... https://ttlc.intuit.com/community/taxes/discussion/yes-when-you-exchange-mutual-funds-the-gain-is-taxable/01/576327#M234563 <P>Yes, when you exchange mutual funds, the gain is taxable even though you didn't actually take the cash out.</P><P>You will need to report the transactions just as they appear on your <B>Form 1099-B</B>.</P><P>Check out the TurboTax FAQ below for instructions on how to enter your <B>Form 1099-B</B>:</P><P> <A href="https://ttlc.intuit.com/replies/4789365" target="_blank">https://ttlc.intuit.com/replies/4789365</A> <BR /> </P> Wed, 05 Jun 2019 21:56:21 GMT https://ttlc.intuit.com/community/taxes/discussion/yes-when-you-exchange-mutual-funds-the-gain-is-taxable/01/576327#M234563 Rachel_W 2019-06-05T21:56:21Z