Cryptocurrency Q&A
Can I sell stock and reinvest without paying capital gains?
Can I sell stock and reinvest without paying capital gains?
Federica
Thu Dec 19 2024
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I'm wondering if it's possible for me to sell my stocks and then reinvest the money without having to pay capital gains tax on the profits I made from the initial investment.
5 answers
Giulia
Fri Dec 20 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and a wallet service for storing digital assets.
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SakuraBloom
Fri Dec 20 2024
Reinvesting the proceeds from a stock sale is a common strategy among investors.
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Giulia
Fri Dec 20 2024
Purchasing additional stock shares with these proceeds does not provide any tax benefits. Capital gains taxes on the original sale will still be due.
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TaegeukChampionship
Fri Dec 20 2024
An alternative option is to reinvest the gains into a QOF, or Qualified Opportunity Fund.
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KimchiQueenCharm
Fri Dec 20 2024
By doing so, investors can defer the payment of capital gains taxes for the duration of their investment in the fund.
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