Discussion:Exchange of stock, is there an exception for 1031?
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Discussion Forum Index --> Advanced Tax Questions --> Exchange of stock, is there an exception for 1031?
Discussion Forum Index --> Tax Questions --> Exchange of stock, is there an exception for 1031?
Donniecastleman (talk|edits) said: | 16 February 2009 |
| Someone asked me because they cashed out stock and bought other stock the day after if there's a way to roll the gain into the new stock, I don't believe so but I wanted to check and see if there was any exception to the rules of an exchange under section 1031. | |
Me and the Boss (talk|edits) said: | 16 February 2009 |
| Sec 1031(a)(2)(B) "This section shall not to apply to stocks, bonds or notes" | |
Me and the Boss (talk|edits) said: | 16 February 2009 |
| There are exceptions in corporate reorganizations, but your OP implied that they simply sold one stock at market and bought something else. | |
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