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June 24, 2020
Question

Tax and stock earnings

  • June 24, 2020
  • 1 reply
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If I was to make a profit from one stock with in less than a year but immediately put it into another, would I need to pay the taxes on the previous earnings?

    1 reply

    June 24, 2020

    Yep, you'd pay.  There's no "rollover" of profits generally available when it come to gains on the sale of stock.