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D
dtamshebly
June 5, 2019
Question

1099b sales of stocks and bonds rolled into another investment account

  • June 5, 2019
  • 1 reply
  • 0 views
Do I have to pay taxes on the realized gains of the sales if those sales were rolled directly into another investment account?  I've input the info in the 1099b form and it's being shown as taxable income.

1 reply

T
ToddL
Employee
June 5, 2019

Yes, any gain (or loss) on the sale of a security is reportable income (or loss) in the year you sold.  

The only exception would be the sale of a security held (and kept) in a qualified retirement account.

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