Monday, January 18, 2010

Mutual Fund Sales Need To Pay State Tax On Mutual Fund Sale?

Need to pay state tax on mutual fund sale? - mutual fund sales

He sold some shares of mutual funds in my IRA was somewhere 7K. Withholding Federal Republic were removed plus a penalty of 10%. while state taxes were and never have to pay. I have a little over $ 4400, after the first arrest, so I try to know where I pay my taxes to state, in New Jersey

1 comment:

Michael K said...

You will notice in your NJ tax return. You've got the full amount of 7000th You will receive a 1099-R from funds of the company. You have to report the exact amount on their tax returns.

I hope that helps.

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