hopeisnotaplan
Recycles dryer sheets
- Joined
- Jun 18, 2015
- Messages
- 51
I'm sure this is investing 101, but I'm second guessing the way I believe this works.
Let's say you open an after tax account and spread the dollars over 4 mutual funds. Three of the funds increase in value. One fund stays flat or has a slight loss. You have never rebalanced or transferred dollars between funds. You liquidate the amount out of the flat/neg fund to cash. Is there a tax implication because the entire brokerage account went up in value or no taxable event because the specific fund you liquidated had no value increase. Thanks in advance!
Let's say you open an after tax account and spread the dollars over 4 mutual funds. Three of the funds increase in value. One fund stays flat or has a slight loss. You have never rebalanced or transferred dollars between funds. You liquidate the amount out of the flat/neg fund to cash. Is there a tax implication because the entire brokerage account went up in value or no taxable event because the specific fund you liquidated had no value increase. Thanks in advance!