The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Investment in Real Estate||Date: 3/9/1998 10:40 AM|
|Author: TMFTaxes||Number: 2516 of 120432|
[[I sold some stock. Invested the proceeds from the sale into real estate for rental property. Do I
have to claim the Capitol Gains? Or, how is the best way to handle it?]]
If you sold the stock, you must report the gain or loss in the year that the shares were sold. There is no provision for you to "roll over" the gain on the sale into real property.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|