What to expect tax-wise when withdrawing from Vanguard taxable account

[irishbear99]

I started a small business six months ago that is just starting to get off the ground and get some movement. I've been cash-flowing it to date. I currently have a good opportunity to grow the business, but it will require an infusion of capital beyond what I can cash-flow. Rather than taking out a business loan, I'm thinking of pulling the funds from my Vanguard taxable account. I've never withdrawn funds from this account, so I'm not really sure of the tax implications. Any insights, advice, or direction to sources I can read is much appreciated.

[secondcor521]

You'll receive a 1099-B from Vanguard in about February of the year following the withdrawal.

You'll owe capital gains or have the benefit of capital losses on whatever you sell.

https://www.irs.gov/taxtopics/tc409.html

https://www.irs.gov/uac/capital-gains-and-losses-10-helpful-facts-to-know

[frugalnacho]

You'll receive a 1099-B from Vanguard in about February of the year following the withdrawal.

You'll owe capital gains or have the benefit of capital losses on whatever you sell.

https://www.irs.gov/taxtopics/tc409.html

https://www.irs.gov/uac/capital-gains-and-losses-10-helpful-facts-to-know

Yep. Vanguard will summarize the short term and long term gains in your account, so you will know exactly what your gains/losses will be on any individual transaction before you make the sale.

[irishbear99]

Thank you both!