Wednesday, March 11, 2015

If I sell my mutual fund to put a down payment on a house in California, will I have to pay tax on that money?

I have $37,000 in mutual funds, and am in the process of buying a house. I know that if I sell the funds I have to pay tax on the money. If I sell them and put all the money as a down payment on my house, can I deduct that money from my taxes?

Read more: If I sell my mutual fund to put a down payment on a house in California, will I have to pay tax on that money?