Cryptocurrency Q&A
What happens if I withdraw my mutual funds after 1 year?
What happens if I withdraw my mutual funds after 1 year?
Lorenzo
Mon Dec 02 2024
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7 answers
1806
I invested in some mutual funds last year and now I'm considering withdrawing them. I'm wondering what the consequences would be if I decide to pull out my investment after one year.
7 answers
BitcoinBaroness
Wed Dec 04 2024
This tax rate is fixed at 15 percent for short-term capital gains.
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Lorenzo
Wed Dec 04 2024
The duration of holding the fund for less than a year defines it as short-term.
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OpalSolitude
Wed Dec 04 2024
For long-term investments, the tax treatment differs significantly.
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Stefano
Wed Dec 04 2024
If an equity mutual fund is held for more than a year, it qualifies as a long-term investment.
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CryptoProphet
Wed Dec 04 2024
Gains from equity-oriented mutual funds, when withdrawn within a year of purchase, are subject to a specific tax rate.
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