turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

TOTOCAT
New Member

I sold about $5000.00 worth of stock last year, but reinvested about $3000.00. Where do I show that I only received $2000.00 as income?

I want my tax return to reflect my reinvestment of $3000.00 in Stock, but can't figure out where to include that on my return.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I sold about $5000.00 worth of stock last year, but reinvested about $3000.00. Where do I show that I only received $2000.00 as income?

They don't go together.  If you sold, $5,000 that gets reported on the tax return. You did get $5K of income and that needs to be shown on the return. 

The purchase of the $3,000 does not get shown on the return, it only gets entered when it is actually sold.

View solution in original post

1 Reply

I sold about $5000.00 worth of stock last year, but reinvested about $3000.00. Where do I show that I only received $2000.00 as income?

They don't go together.  If you sold, $5,000 that gets reported on the tax return. You did get $5K of income and that needs to be shown on the return. 

The purchase of the $3,000 does not get shown on the return, it only gets entered when it is actually sold.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies