2006-11-02 12:37:30 · 5 answers · asked by John B 1 in Business & Finance ➔ Taxes ➔ United States
Assuming you sell the stock for a gain and you hold the stock in your own name (not an IRA, 401k, etc.), yes you do. You can't do a like kind exchange as you can with assets like real property.
2006-11-02 12:48:26 · answer #1 · answered by David W 4 · 1⤊ 0⤋
Yes. When you file your 2006 tax return you will put all your stock transactions on Sch D. You can wash profit against loss and net out the year.
2006-11-03 10:02:19 · answer #2 · answered by acmeraven 7 · 0⤊ 0⤋
Yes, tax free exchanges only work for real property used in a trade or business or held for investment.
2006-11-03 06:44:29 · answer #3 · answered by waggy_33 6 · 0⤊ 0⤋
Yes.
2006-11-02 21:04:18 · answer #4 · answered by irongrama 6 · 0⤊ 0⤋
yes u have to
2006-11-04 03:29:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋