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Originally Posted by roob1
I invested 200K in a Vanguard mutual fund, and at year's end (2021 and 2022), it was valued at approx. 165K. Both years it was reported I had about 10K in capital gains. How can I have capital gains (and tax liability) when the investment value is less than I invested?
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A lot of good explanations and has happened to me a lot. Before I turned 65 these gains cost me a lot more due to change in my income when I was in the ACA health insurance. In my mutual fund capital gains vary and were much higher in 2021. Not complaining since fund went up 30% that year.