topic Stock sale reinvestment in Investors & landlords

Stock sale reinvestment

BBP167 — Mon, 09 Mar 2026 05:13:00 GMT

Mid 2020 I sold a large amount of long term stock and used that to purchase crypto. This sale raised my taxes for this year. Since I reinvested in crypto and did not hold the money can this be taken off my taxes? If so what is the best approach.

Thanks

Re: Stock sale reinvestment

VolvoGirl — Wed, 23 Feb 2022 01:05:24 GMT

No. When you sell it doesn't matter what you did with it. Unless it was in a retirement or 401K or IRA account. Each transaction is separate.

Re: Stock sale reinvestment

BBP167 — Fri, 25 Feb 2022 14:19:20 GMT

Thank you this helps. @VolvoGirl