I think it just hit me... since the money you put in was pretax, your cost basis as far as taxation goes is $0/share so, as you said, you'll be taxed on what you take out and not on the gains over what you put in.Is that right?Yep. Sounds like the light bulb just turned on. ;-)And just to be sure - it will all be ordinary income, not capital gains. Remember that the pre-tax money that went into the 401k was wages - ordinary income.--Peter
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra