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They are. If you liquidate your position in one stock to buy shares of another stock, that's also a taxable event.
by pwinnski 9y ago
They are. If you liquidate your position in one stock to buy shares of another stock, that's also a taxable event.
- kombucha2 9y agoMaybe I just wasn't trading enough with stocks to notice. I remembered always closing short potions to initiate long positions and not paying taxes until closing the long. Clearly, I've been confused this whole time.