Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 11-24-2016, 10:28 AM
Junior Member
 
Join Date: Nov 2016
Posts: 1
Cashing out my mutual fund

I have a mutual fund called Meridian Growth fund, about 20,000. From what they told me, they do not charge a penalty to withdraw funds, but obviously I would pay when I do my taxes. If I were to remove 10,000 from the fund -- I'm wondering roughly how much I will end up paying for the taxes on this. Is there any way somebody could give me a very rough estimate of how much I will get hit with on my taxes? I mean, are we talking $500? $1,000? Or more? Could you please give me a ballpark estimate? Thank you very much!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mutual fund cap gains MarkJ For 2014 1 11-12-2015 06:48 PM
Do I have to pay capital gains tax cashing out mutual funds from prior to 2012? adassoc Capital Gains 3 09-17-2015 10:30 PM
I hold shares of the same mutual fund at two separate brokerage houses. When I sell a fund from one brokerage, can i use their cost basis? tgenoyer Capital Gains 1 11-15-2013 02:05 PM
How must I report a 1099-Div received from my Mutual Fund? Anered Capital Gains 1 03-11-2008 04:44 AM
Mutual fund sale avoid double tax? gerryt Capital Gains 3 02-24-2008 03:06 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.