Capital Gains and Fund Families: Ask AARP: Tax-Aide

Capital Gains and Fund Families

Q: If I change from one fund family to another, is there any way I can do it without paying a capital gains tax? A: Not if you actually had a gain on the fund sold. You are actually selling one fund and purchasing a new fund. You have to report the sale of the fund you on schedule D, whether a gain or loss was realized. These questions are actual inquiries submitted by taxpayers to our AARP Tax-Aide Program. The AARP Tax-Aide Program is a volunteer-run, free tax-preparation and assistance program offered to low- and middle-income taxpayers with special attention to people age 60 and older. Our volunteers are trained and IRS-certified to understand individual federal-tax issues. Our volunteers provide tax assistance as a public service and cannot guarantee the accuracy of the information provided. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

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