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cbareng
Level 1
June 1, 2019
Solved

At Vanguard I sold a mutual fund and bought/exchanged with another mutual fund then I received Form 1099-B showing the proceeds as taxable income.

  • June 1, 2019
  • 2 replies
  • 29 views

I thought the transaction I was a 1031-tax exchange(?)  and thereby deferring the tax. Please share your experience.

    Best answer by

    The sale of a mutual fund or stock is never a 1031 exchange. If you sell such an investment, even to purchase a new one, it is taxable.

    2 replies

    Anonymous
    Answer
    June 1, 2019

    The sale of a mutual fund or stock is never a 1031 exchange. If you sell such an investment, even to purchase a new one, it is taxable.

      Hal_Al
      Level 15
      Hal_AlLevel 15
      Level 15
      June 1, 2019
      I agree with TTColeen. You had some bad advice.
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