Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2025 5:10:39 AM

can you sell stock to purchase your primary residence, tax free

selling stock to purchase home, capital gains tax to pay

0 2 2960
2 Replies
Level 15
Jun 5, 2025 5:54:44 AM

You might be confusing this with using money from an IRA for a down payment on a house.   If you are under 59 1/2 and take money from a traditional IRA (not a 401k) to make a down payment on a home, the 10% early withdrawal penalty is waived on the first $10,000 although the distribution itself is taxable.   There is no such rule for selling stock to purchase a home.

Level 15
Jun 5, 2025 8:43:11 AM

No. If you sell stock that has a gain, you pay the tax.  It doesn't matter how you plan to use the money.