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Reply to "Using Taxable Brokerage Account to Buy Vacation Home"
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[quote=Anonymous][quote=Anonymous]The only cons I can think of is trading liquidity for illiquidity and incurring tax if you realizd capital gains. As for taxes, not enough information to know. What’s the basis, how long have the funds been invested, etc. [/quote] Thanks. I guess my question is how to I determine what my tax would be. So basically I've been adding a little to this account every month for about 25 years. I started with $50/month and increased it over time to as high as $2000/month and now I'm down to $250 a month as I'm putting more money into 529s. This account is mostly invested in the Vanguard Total Stock Index Fund. Thanks.[/quote]
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