Aaron P. asked
If I move money out of stocks, mutual funds, and other investments to a loan for an individual for their mortgage, will I pay capital gains tax? The money being moved does not get added to my annual salary because it is being reinvested into the loan. Will I be taxed on capital gains and have that lump sum added to my annual income for that year?
April 14th, 2023
Daniel H. answered
Yes, the sale of stocks and mutual funds is subject to capital gains taxes, regardless of whether th...
April 14th, 2023
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