The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Vanguard tax exempt money mkt.||Date: 6/16/2013 10:20 PM|
|Author: Wradical||Number: 118695 of 121572|
If you withdraw money from a tax exempt money market account will that trigger a taxable event? I am in the 33% bracket and want cover my bases.
I'll assume it's in a personal, (not an IRA or other retirement or other tax-advantaged) account, and it normally wouldn't be.
So if it's just a money market fund, and the share price has been managed to be a constant $1/share, then no, the withdrawal should not have tax consequences.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|