Real Estate Law
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Hi and welcome to JA. Ray here to help you today.
The only option I see here is to contribute to your IRA or open one if you want the deduction.If you sold stock here at a profit there is capital gains due next year, Jan 2017 for the 2016 sale.You could offset this to a degree by making deposit or opening an IRA here.You get a tax deduction for that amount and it would reduce the amount you owe.But a stock sale is taxable event and all you can do is minimize the hit.
Even if you reinvest this in say real estate, the stock sale is taxable on the profit from the sale.The IRA contributions could be used to offset the gains.
If you're under age 50
If you're age 50 or older
I appreciate the chance to help you today.Thanks again.