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Yes, when you exchange mutual funds, the gain is taxable even though you didn't actually take the cash out.
You will need to report the transactions just as they appear on your Form 1099-B.
Check out the TurboTax FAQ below for instructions on how to enter your Form 1099-B:
Yes, when you exchange mutual funds, the gain is taxable even though you didn't actually take the cash out.
You will need to report the transactions just as they appear on your Form 1099-B.
Check out the TurboTax FAQ below for instructions on how to enter your Form 1099-B:
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