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R
RangerDan
June 26, 2024
Question

Are there any ways to avoid capItal gains taxes for a stock sale that will be immediately reinvested in CDs or an annuity?

  • June 26, 2024
  • 2 replies
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    2 replies

    evelynm
    evelynm
    June 26, 2024

    Unfortunately no.   However; you’ll want to know how to avoid capital gains tax to keep more of your money working for you. Read on to learn more about how to avoid capital gains tax on property and stocks.

     

    How to avoid capital gains 

    Have an amazing day. Evelyn M (CPA 20+ years)I would love a thumbs up :) + Mark the post that answers your question by clicking on "Mark as Best Answer"
      S
      SwapnaM
      June 26, 2024

      No, You will have to pay Capital gain tax on sale of stock even if you re-invest in CDs or annuity. There are no like-kind exchange rules in the ordinary sales of stock which would defer the taxability of your gain to some future period.

      @RangerDan Thanks for attending the event!!

      **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
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