Unfortunately, you will be taxed on any gain, but only on the $6,000 less your basis and since you usually pay tax on the internal gains within mutual funds on an annual basis which increases your basis, you are not likely to have a large gain. And, presuming you have held these for at least 12 months...if you are in the 0% to 15% marginal income tax bracket, you would have no tax; otherwise your tax rate would be 15%. It doesn't make any difference what you do with the money after you have sold it...that won't eliminate your gain. I'm sorry!
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