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Vanguard allows me to exchange one mutual fund for another mutual fund (without having to explicitly sell and re-buy). Do you think that's something that should
by gst 9y ago
Vanguard allows me to exchange one mutual fund for another mutual fund (without having to explicitly sell and re-buy). Do you think that's something that shouldn't be taxable? Where's the difference to the cryptocurrency example above?
- deleted 9y ago[deleted]
- nashashmi 9y agoDepends on the technical contract but per IRS rules are that when you trade one asset for another, you are virtually selling the asset and buying another. They did it to keep accounting simple.
- deleted 9y ago[deleted]