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If i sell stocks to buy land, is there a way to reduce my tax on the stock sales?

 
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2 Replies
Anonymous
Not applicable

If i sell stocks to buy land, is there a way to reduce my tax on the stock sales?

no.             

 

however proceeds from sales can be put into Opportunity Zone Fund to avoid or reduce tax.  As with any investment you stand the chance of losing every $ invested. you'll need to check them out, to see if you want to take on the risk. 

 

here is IRS information on them 

https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

 

 

here's the code section

https://www.law.cornell.edu/uscode/text/26/1400Z-2

If i sell stocks to buy land, is there a way to reduce my tax on the stock sales?

Thanks for the answer.  I am looking at purchasing land for my own use and am looking for ways to help pay for it.

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