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Pompous Rhombus posted:So is there no way out of capital gains tax on selling some mutual funds if I live abroad? I could have sworn there was some sort of exclusion, but having a quick look at it again this afternoon that doesn't seem to be the case. I'm doing my Master's abroad and have no other income this year, will probably need to be selling stuff off early next year to pay tuition/living expenses. I know there's an exception for Roth IRA withdrawals to pay educational expenses, but my university isn't one of the ones the federal government recognises as "qualified". With no other income, and with longterm cap gains untaxed at the lowest tax bracket, you would need to be selling a lot of mutual funds with very low cost basis shares to worry about paying substantial taxes. Take a look at how much you are selling and do a mock tax return to see.
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# ¿ Jul 26, 2015 08:38 |
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# ¿ May 16, 2024 22:40 |