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Stock sale to invest in 401K

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    #1

    Stock sale to invest in 401K

    If you sell stock will you have to report the gain if you are using the funds to invest in a 401K plan?

    Thank you
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    #2
    Originally posted by Unregistered
    If you sell stock will you have to report the gain if you are using the funds to invest in a 401K plan?

    Thank you
    Can you give a little more info?

    If say you are selling your company stock to reinvest in a 401k plan then yes you would have to recognize a gain or loss. Unless the stock is already inside the 401k then you would not , it would be a reallocation of the portfolio.

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