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Sunday, March 30, 2014 9:07:09 AM
So to keep the math easy... If I invested 10k and sold at 30k but left the money in my tdameritrade account, I won't be taxed on the 20k until I send it back to my bank?
Seems off because I can get a debit card for my tdameritrade money market if I want it.
I would assume I am taxed on all the sold securities and the profits they made regardless of what I do with the money at that point. ie... Re invest, send back to bank or leave in broker money market.
If I reinvest and that security loses money for example, my total goes from 30k to 20 k, and I sell again then my total profit is now down to 10k and that is what I am taxed on.
Not positive about any of this. Just how it was explained to me.
Thoughts?
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