Like kind exchange

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Like kind exchange Bill 03-23-2008  Re: Like kind exchange Mark Bole 03-23-2008  Re: Like kind exchange BreadWithSpam 03-24-2008  Re: Like kind exchange Augustine 03-24-2008  Re: Like kind exchange Mark Bole 03-24-2008  Re: Like kind exchange BreadWithSpam 03-24-2008  Re: Like kind exchange Rich Carreiro 03-24-2008  Re: Like kind exchange Gil Faver 03-25-2008  Re: Like kind exchange BreadWithSpam 03-25-2008  Re: Like kind exchange Mark Freeland 03-25-2008
Posted by Bill on March 23, 2008, 7:56 pm Am I correct that I cannot do a "like kind exchange" under the IRS regulations to exchange shares in an S&P 500 mutual fund for shares in an S&P 500 ETF? -- ..Bill. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Mark Bole on March 23, 2008, 8:42 pm Bill wrote: > Am I correct that I cannot do a "like kind exchange" under the IRS > regulations to exchange shares in an S&P 500 mutual fund for shares in > an S&P 500 ETF? > Yes. Stocks and other securities are excluded from like-kind exchange rules. -Mark Bole -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by on March 24, 2008, 8:46 am > Bill wrote: > > Am I correct that I cannot do a "like kind exchange" under the IRS > > regulations to exchange shares in an S&P 500 mutual fund for shares in > > an S&P 500 ETF? > Yes. Stocks and other securities are excluded from like-kind exchange > rules. Yet if the SP500 fund were sold at a loss and the SP500 ETF were then purchased within 30 days, it'd probably be considered a "wash sale" and you wouldn't get to recognize the loss. <http://www.smartmoney.com/tax/capital/?story=washrules> -- Plain Bread alone for e-mail, thanks. The rest gets trashed. No HTML in E-Mail! -- http://www.expita.com/nomime.html Are you posting responses that are easy for others to follow? http://www.greenend.org.uk/rjk/2000/06/14/quoting -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Augustine on March 24, 2008, 12:57 pm On Mar 24, 7:46 am, BreadWithS...@fractious.net wrote: > > Yet if the SP500 fund were sold at a loss and the SP500 ETF > were then purchased within 30 days, it'd probably be > considered a "wash sale" and you wouldn't get to recognize > the loss. How does one deal with such IRS rules that leave particular situations out? How about doing the same with a sector ETF, say sold EPP to buy PAF? Thanks. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Mark Bole on March 24, 2008, 9:05 pm Augustine wrote: > How does one deal with such IRS rules that leave particular situations > out? Disclose your position and start the clock on the statute of limitations. With all due respect to BreadWIthSpam, the original topic of the thread has been diverted to wash sale rules. I think he was trying to contrast the different treatment of like-kind exchanges of business/investment property with wash-sale rules regarding "paper losses" on securities sales. No one ever said the tax laws were internally consistent! -Mark Bole -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Similar Threads Posted Purchasing Non-US Exchange Traded Assets December 15, 2006, 4:59 am Declining US Dollar , best exchange rate ??? April 19, 2007, 10:02 am How I can get stock symbols listed with various exchange ex- nasdaq,S&P 500, Dowjones etc as xml/webservice ? September 23, 2008, 10:31 am