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Do I have to pay capital gains even though it was bought out and I still have the money in my robin hood account?

I was hoping I could pay capital gains when I purchase at a later date. I didn't want to sell my shares.
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2 Replies
ThomasM125
Employee Tax Expert

Do I have to pay capital gains even though it was bought out and I still have the money in my robin hood account?

No, you don't have to pay capital gains tax on an investment until you have sold it or it is reported as taxable in a Form 1099.

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Do I have to pay capital gains even though it was bought out and I still have the money in my robin hood account?

Or when  your shares are acquired.

 

@felixkelly 

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