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Interested in forex news alert, forex books, online forex trading company and forex autopilot forums? Browse through foreign currency exchange providers such as MIG Investments, dbFX or Forex Club, regulated by CBRC(China), NFA(US) and OSC(CA), focus on smooth downloads, Beginner friendly service, educational tutorials or customer support; for chinese or english speakers.
what is "tax swap"?
glossary FAQ: glossary.
N. N. From Almere, Netherlands
04 January, 2009
A method of crystallizing capital losses by selling losing positions and purchasing companies within similar industries that have similar fundamentals.
Investors can circumvent the IRS "wash sale rule" and utilize tax benefits of capital losses by selling securities that they are losing money on and buying others that have very similar characteristics. By tax swapping there is the presence of basis risk since the stock being sold and the stock being purchased are typically not identical and will react to different market factors individually. Visit NordMarkets
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