Wife sold and repurchased stock she has had for a while, what percent is it taxed?

I got married last year. Earlier that year, my wife had sold stock that she has had for quite a few years, 5+, and repurchased different stock. Basically, she shifted her portfolio around, is this taxable and if so, at which rate? Thanks.|||Yes, it is taxable. The excess of what she sold the stocks for and what she bought them for is long-term (1+ year) capital gain subject to 15% tax rate. She can offset the gain using capital loss, if any. If not, it's taxable.|||Any gain that resulted from the sale is taxable. You are not able to move to one stock from another and avoid tax.|||You didn't say what kind of account the stock was in. If it was in a tax-advantaged (really should be called "tax-deferred) account like an IRA or 401(k), the gain from the stock is not taxable now. Withdrawals will be taxed when she makes them.





If the stock she sold was in a regular brokerage account, then the sale has already been reported to the IRS by the brokerage and needs to be reported on your wife's tax return as well.