My wife and I have a small amount (<$3000)invested in a mutual fund that we make monthly deposits in. We have decided to let it grow to $5k, then break it up and put some into another mutual fund. I know the amount is probably too small to make a difference, but would we have to pay capital gains tax on the money we took out, even though we put it into another investment? I think as long as we don't go out and blow the wad on hats, we're fine. She thinks as soon as it's out we pay taxes on it.
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