If i have mutual fund and i need pay mi taxes but i don't have job how can i close my account or not is smart

How do you have taxes to pay if you don't have a job?

I guess technically you could sell a small portion of your mutual fund to cover the costs, like a few shares. But with the commissions you're right and you might as well sell it all.

As long as the funds are not in a retirement account, you can sell them any time you want to. Depending on the particular fund, you may incur some fees.

You didn't say whether the mutual fund was part of an tax-advantaged (IRA/RothIRA/401k/etc.) account.

If it is, then there are probably penalties in addition to future tax consequences that will make it a bad move. ("Probably" because I don't know how old you are and whether there is some other condition affecting your eligibility.) Plus you are selling while the market is in a down phase.

If it is not in a tax-advantaged account, then the main down side is that you're selling while the market's down.

cut to the chase call you broker and tell him how much you need and have him dump that much of your fund!!!

Tags

　　Online Investment 　　Online Business 　　Offshore Investment 　　Mutual Fund 　　Money Market Funds 　　Money Investment 　　Managed Fund 　　Make Money

Related information

How is Reliance mutual fund?

Here is a link to a very good mutual fund site for Indian funds. Go there and compare Reliance to the others. Their growth fund is a top performer, but be aware that it has a high degree of risk. ...

What are the mutual fund schemes which consist of 100Rs per months?

Minimum investment is Rs.500 per month boss. There is no Rs.100 per month. Ok. Where are you now. If you are in chennai just dial 195 ask for mututal fund companies. The representatives of that com...

Is there a mutual fund or ETF that tracks the "dogs of the dow"?

If there were, I wouldn't invest in it. Since the Dogs of the Dow became well known, enough people buy them that they're no longer underpriced and therefore don't outperform the mar...

I have a mutual fund bought 1999, sold 2006. How do i figure short term and long term capital loss on it ?

Your basis is your original purchase price plus, as others have mentioned, any reinvested dividends. It would all be long term gain/loss except for any shares bought in the 12 months before you so...

How does a mutual fund and cd work?

They are two very different things. A CD is similar to a savings account in that it is in cash, low risk and you earn a set interest rate. To get this, you have to commit to locking your cash u...

Wat s a mutual fund for me?

Mutual fund is the same for u and for me and for the entire universe... it doesnt change according to the person... ill tell u the concept of mutual fund Mutual Fund means : A mutual fund is a ...

Best CD or mutual fund rates in the market, for any bank within the United States?

www.bankrate.com Best mutual fund is subjective to your goals. That question cannot be answered.

...

What is sbi mutual fund?

A Mutual Fund floated and managed by STATE BANK OF INDIA

...