https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342157#M47180 Fri, 20 Mar 2020 23:44:51 GMT 55Chevy1980 2020-03-20T23:44:51Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342157#M47180 Fri, 20 Mar 2020 23:44:51 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342157#M47180 55Chevy1980 2020-03-20T23:44:51Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342179#M47182 <P>You may think it is an exchange but you technically had a reportable&nbsp; taxable&nbsp; sale and a purchase.&nbsp;</P> Fri, 20 Mar 2020 23:49:58 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342179#M47182 Critter 2020-03-20T23:49:58Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342329#M47185 <P>Commonly if mutual funds are "exchanged" within the same fund family - fund manager is burying a poor-performing fund or your shares are exchanged for shares within the same fund but with a different class - those sort of exchanges are usually tax-free and your basis simply carries over to your new shares.&nbsp; But "cashing out" a fund is always a sale and needs to be reported on your income tax return.</P><P>&nbsp;</P><P>You should receive a 1099-B from the fund manager for all sales.&nbsp; Whether you "owe taxes" or not depends on whether you report a gain or a loss.</P> Sat, 21 Mar 2020 00:31:50 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342329#M47185 TomYoung 2020-03-21T00:31:50Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342524#M47190 <P>When you exchange in the same fund family this is always a sale and a purchase ... the reason for doing it&nbsp; is for the reduced or free cost by the broker.&nbsp;</P> Sat, 21 Mar 2020 01:34:05 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1342524#M47190 Critter 2020-03-21T01:34:05Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1350852#M47545 <P>Thank you</P><P>&nbsp;</P> Mon, 23 Mar 2020 16:20:20 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-are-taxes-owed-on-the-proceeds-from-an-exchange-of-mutual-funds-and-when-i-cash-out-the-fund/01/1350852#M47545 55Chevy1980 2020-03-23T16:20:20Z