Page 1 of 1

taxes on withdrawal column

Posted: Wed Feb 09, 2022 7:48 pm
by lazybird
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

Posted: Wed Feb 09, 2022 7:56 pm
by jimr
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?

Re: taxes on withdrawal column

Posted: Thu Feb 10, 2022 4:36 pm
by lazybird
Yes, that explains it. Thank you.