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New Member

tax on investment

I've invested in a mutual fund for the first time in 2020. Am I taxed on the difference between the starting balance and the balance at the end of the calendar year?

2 Replies
Level 15

tax on investment

No. Tax on a non- retirement investment includes any interest or dividends paid during the year and any gain if you sold any of the investment. If you did not sell any of the investment there is no tax on the gain. It is called an unrealized gain. 

New Member

tax on investment

Thank you!

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