taxes on withdrawal column
taxes on withdrawal column
For me this column always shows zero for all entries when I show Detailed View and Show More Details. My understanding is that these withdrawals are to cover any gap from other income or RMDs. Since they are coming from my taxable account, shouldn't they be something other then zero. Or, is this tax accounted for in some other way?
Re: taxes on withdrawal column
If all withdrawals come from the taxable portfolio, there would be no taxes due because the taxable portfolio is carried at a 100% cost basis. Gains are taxed as they happen year-to-year (at the investment tax rate).
Does that help explain what you're seeing?
Does that help explain what you're seeing?
Re: taxes on withdrawal column
Yes, that explains it. Thank you.
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