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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff G. who wrote (1757)1/13/1999 8:22:00 PM
From: Brendan W  Respond to of 5810
 
That's pretty funny, Jeffery. No, it doesn't work.

You wrote:
>>>
Colin, I have a similar question regarding deferring capital gains:
If I sell a stock in a "regular (non IRA related)" account for a profit and then buy a
different stock in the same account with all of the proceeds, can I defer the capital
gain on that transaction? Someone was telling me they thought it might be
possible, using the concept that applies (or did apply) to the selling of a house
that is an investment and then being able to roll those gains over to a like type of
investment within a stated time period.



To: Jeff G. who wrote (1757)1/13/1999 9:53:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
Jeff, Like kind exchanges generally do not include securities except for certain investments in Government sponsored SSBIC mortgage lending companies. That might be what you had heard of.

Colin


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