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June 22, 2019
Question

If I sell all stocks and keep my money in portfolio and use it to buy more stock do I have to provide the profit made on first sell to IRS?

  • June 22, 2019
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1 reply

Rainman12
Employee
June 22, 2019

Yes. All sales must be reported, and gains/losses taxed accordingly. Losses offset similar gains. Whether you reinvest proceeds is irrelevant. https://www.irs.gov/forms-pubs/about-schedule-d-form-1040