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I cashed $24k of investments. I own my home, but have no

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income. I am 70 years...
I cashed $24k of investments. I own my home, but have no income. I am 70 years old. Am I liable for taxes, and how much?
Submitted: 1 year ago.Category: Tax
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Answered in 5 minutes by:
3/5/2016
Tax Professional: Mark D, Enrolled Agent replied 1 year ago
Mark D
Mark D, Enrolled Agent
Category: Tax
Satisfied Customers: 1,316
Experience: MBA, EA, Specializing in Business and Individual Tax Returns and Issues
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Hello, where these IRA or 401K funds, or investments sold outside of an IRA or 401K?

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Customer reply replied 1 year ago
I'm not sure. I have very little experience with investments of this type. All I know is that the BP portfolio has been in the family for about 100 years. The Putnam Investments portfolio was opened in 1975 or 1976 to provide extra income. But neither of these was an IRA or 401K, that I know of.
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