GiseleD
Expert Alumni

Investors & landlords

As long as you entered the information correctly (as it was reported on your 1099-B), then gains on the sale of stock will indeed reduce your refund. This is because tax is typically not withheld from stock sales. Therefore, your reduced refund reflects the tax owed on the gains from the sale of these stocks. 

 

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