- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Capital Gains avoidance for mutual fund sales.
Can I avoid paying capital gains taxes on the sale of 100% of one mutual fund, if I also purchase another mutual fund at the same time and immediately after, using 100% of the proceeds from the first sale, to purchase the new mutual fund? All transactions being done within my account at a Fianacial Company (Vanguard) where I have a long-standing account. The first fund was a 'Vanguard Total US Stock Market' fund and the new fund was a 'Fixed Securities', Vanguard Federal Money Marked fund.
I'm not trying to avoid tax liability, just trying to avoid a large lump sum taxable amount which will jump me up some number of income tax brackets in the 2021 tax year.
Topics:
March 26, 2022
5:19 PM