topic Sold stock that i had for years and purchased different stock with all the money where do i claim it on my tax form or what do i have to do in Investors & landlords

Sold stock that i had for years and purchased different stock with all the money where do i claim it on my tax form or what do i have to do

bev8140 — Sat, 01 Jun 2019 02:19:23 GMT

If your question is whether the gains are taxable, unless...

BobB7 — Sat, 01 Jun 2019 02:19:25 GMT

If your question is whether the gains are taxable, unless the stock is in an IRA or similar account the answer is yes. The fact that you reinvested the proceeds has no tax effect. Be sure to wait for the tax forms from your broker before filing.

The sale of securities, (securities held in an "after tax...

TomYoung — Sat, 01 Jun 2019 02:19:26 GMT

The sale of securities, (securities held in an "after tax" account, like a brokerage account), is reported using the "Stocks, Mutual Funds, Bonds, Other" interview. However if you want to use TurboTax "online" you need to move up to the Premier versions as that's the first version in the cost ladder that handles security sales.

As BobB7 says, what you did with the proceeds of your stock sales has nothing to do with your need to report the sales and has nothing to do with any calculation of gain or loss.

Tom Young