Question by Money: What is my tax liability for withdrawing money from my TD Ameritrade brokerage account?
Super green as far as this goes, but if I have a standard brokerage account, and I withdraw some of the funds I put into it, do I have to pay taxes on that money? What %?
Thanks for any help.
Answer by the tax lady
How are we supposed to know.
It's your investment.
Did you have a profit or loss?
Was it short term or long term?
What tax bracket are you in?
It could be 0%, 15%, 25% or higher.
Add your own answer in the comments!
Filed Under: Super Green