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Sly · 03-25-2019, 04:11 PM

I have a particular stock fund that I would like to sell off. I bought in about a year ago, it's lost some value and I just want out. I want to cash out, I don't want to flip it into other stocks.

I have never cashed out before so not sure what the procedure is regarding taxes.

I lost money so I clearly want to avoid any taxes that there may be on the "income." How exactly does this work? Do I get to write off any losses? Can I just pull the money out and show proof that it was a loss at tax time?

Thanks in advance!

03-25-2019, 04:11 PM
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,297	Question for the stock guys I have a particular stock fund that I would like to sell off. I bought in about a year ago, it's lost some value and I just want out. I want to cash out, I don't want to flip it into other stocks. I have never cashed out before so not sure what the procedure is regarding taxes. I lost money so I clearly want to avoid any taxes that there may be on the "income." How exactly does this work? Do I get to write off any losses? Can I just pull the money out and show proof that it was a loss at tax time? Thanks in advance! __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - 1st month free for GFY members - DM for details Wanted: CCBill pay sites for sale