(1) Exchanges of like-kind property that result in no capital gains tax (commonly used for real estate). (2) Sales and repurchases of stock (or other securities) designed to realize a tax loss without discontinuing the investment. Transactions must comply with the wash sale rules to be effective. (See “Wash sales.”)
Swaps, tax-free
January 25th, 2008 · No Comments
Tags: Tax Glossary
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment