Hi,
Apologies in advance for the newbie question:
I bought $12k worth of FIPFX (a Mutual Fund) a few months ago, and it's currently worth $13k.
(i) If I now want to sell all of that and buy QQQ (an ETF) with the proceeds, will I have to pay short term capital gains tax (on that $1k gain)?
and (ii) if the answer is yes, will my brokerage (Fidelity) simply mail me a form at the end of the year in time for my tax filing, or do I have to independently calculate and report that?
Thanks in advance
Submitted September 05, 2020 at 10:00PM by Rover54321 https://ift.tt/3i2FA6t
