Fidelity investment portfolio

If I sell interests like stocks, bonds, mutual funds in my Fidelity portfolio and withdraw it are the funds taxable?

posted

Hi Kim! When you sell an investment such as stocks, bonds and mutual funds, they are taxable if you have a gain - that is if you sold it for more than you bought it for. For example, if you bought a stock valued at $1,000 and later sold it for $1,200, then you would pay tax on the gain of $200. The gain on the transaction is taxable in the year you sold, whether you withdraw the money from the account or not. I hope that helps!

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