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Taxes in regards to selling stocks
Posted on 9/9/16 at 1:43 pm
Posted on 9/9/16 at 1:43 pm
So if I sell stock do I have a certain amount of days to reinvest proceeds so that I wont have to pay taxes on it or is that just in regards to IRA holdings?
This post was edited on 9/9/16 at 1:50 pm
1
Posted on 9/9/16 at 1:57 pm to GREENHEAD22
If you have a profit from a stock sale in a taxable account then you have a taxable gain, either long term or short term depending of whether you held the stock for longer than one year or shorter than one year.
Reinvesting the proceeds from the sale is irrelevant as to your taxable gain.
Reinvesting the proceeds from the sale is irrelevant as to your taxable gain.
Posted on 9/9/16 at 1:59 pm to LSURussian
Am I just remembering completely wrong or isnt that the case in a IRA or 401K possible?
Posted on 9/9/16 at 2:05 pm to GREENHEAD22
quote:Yes.
Am I just remembering completely wrong
quote:No.
isnt that the case in a IRA or 401K possible?
If you sell a stock holding in an IRA or 401(k) it is tax deferred, meaning you don't owe taxes on the gain from the sale.
Posted on 9/9/16 at 2:26 pm to LSURussian
if you tae a loss it is a one time deduction correct?
Posted on 9/9/16 at 3:30 pm to cjared036
quote:
if you tae a loss it is a one time deduction correct?
incorrect
see capital loss carryover
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