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Yes, it depends how your stock sale will affect your tax return and if the benefit of the sale exceeds the debt and/or cost of having the debt. You can use the 2022 TurboTax software to do a "what if" and get a good idea. Create a new TurboTax account and enter your 2022 income tax information. Then, enter the stock sale to see the tax ramifications.
Can I do a “what if” with the online version of my current account, or would I have to create a new account?
Online TurboTax does not have the "what if" feature. That is only a feature of the CD/download software. Do NOT mess with your own 2022 filed tax return that you prepared using online software or you will destroy it. And...sorry.....it is too late to "start" a dummy 2022 return now. The deadline for starting a new return using online TurboTax was on October 16. Now you would have to wait for the 2023 online software to become available in late November/early December if you want to use online for any sort of "what if" scenarios.
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