kdevere
Employee Tax Expert

Get your taxes done using TurboTax

Unfortunately there are few ways to defer capital gains tax, for most stock sales, the tax is due on the capital gain in the year the gain was recognized.  Capital gains are offset by capital losses, so if you had losses on some of the stock sales, you may reduce the capital gain.  Also bear in mind that the tax rates on long term capital gains are different than ordinary income tax rates.  For 2022 capital gains, the rates are:

Tax filing status 0% rate 15% rate 20% rate
Single Taxable income of up to $41,675 $41,676 to $459,750 Over $459,750
Married filing jointly Taxable income of up to $83,350 $83,351 to $517,200 Over $517,200
Married filing separately Taxable income of up to $41,675 $41,676 to $459,750 Over $459,750
Head of household Taxable income of up to $55,800 $55,801 to $488,500 Over $488,500

 

Another option is to invest in a Qualified Opportunity Zone.  A QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.
You can find out more information here:
https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions#general

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"