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Re: jbog post# 20626

Monday, 08/31/2020 4:13:45 PM

Monday, August 31, 2020 4:13:45 PM

Post# of 20689
jbog,

Last post.

The trust has to pay capital gain taxes due to the sale of the stock.

It was not a stock swap. I would not have owed taxes with a stock swap.

The trust is not treated like an IRA where I will not pay taxes until I withdraw income.

My MNTA stock in the IRA will not get taxed and I will reinvest the proceeds.

The trust pays because it is in effect a sale of stock and I can't postpone paying the taxes even if I don't take money out of the trust.

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