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<p>[QUOTE=&quot;NorthKorea, post: 1996670, member: 29643&quot;]If you sell stock for a profit and use the proceeds to buy stock in a DIFFERENT company, you would still owe the taxes on the proceeds.</p><p><br /></p><p>If you sell stock for a loss and within 30 days before or after (60-day window) buy stock in the SAME company (convertible preferred shares MAY be considered similar enough to common stock, thereby triggering the rule, in certain cases) or options on the stock, you would trigger a wash-sale. You can&#039;t claim the loss, but would instead be allowed to increase your basis in the stock by the amount of the loss.</p><p><br /></p><p>The only time the IRS allows for you to sell something and buy something else without triggering a taxable event is with certain real estate purchases. However, the reality of this is that it&#039;s really a law in place to help realtors pad their pockets.[/QUOTE]</p><p><br /></p>

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