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Dan Melton
  • Kaneohe, HI
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Using Stock and Mutual Fund for mortgage down payment

Dan Melton
  • Kaneohe, HI
Posted

Hi, I'm moving back to Oahu to help my family and need to cash out about $85,000 (60K in a mutual fund and 15K in stocks) for a down payment on a place to live. Does anyone know if there is a way to reduce the amount of taxes I'll have to pay for selling the investments? Neither of the accounts are part of a ROTH or 401K, just money I've put aside over the years. Thanks in advance for any advice.

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