Tax Swap

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Tax swap

Swapping two similar bonds to receive a tax benefit.

Tax Swap

A situation in which an investor sells a long position to claim a capital loss for tax purposes and immediately buys an equivalent position in a similar (but not the same) company or industry. A tax swap allows the investor to reduce his/her tax liability while not running afoul of the wash sale rule, which states that one cannot claim a capital loss for tax purposes if one repurchases the same position within 30 days. See also: Wash sale.

tax swap

The sale of a security that has declined in price since the purchase date and the simultaneous purchase of a similar, but not substantially identical, security. The purpose of the swap is to achieve a loss for tax purposes while continuing to maintain market position. See also wash sale.

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Bond Swap Thirty-Day Wash Rule Wash-Sale Rule			It is actually called the Food Tax-Adult Materials Tax Swap Act of 2007, and is sponsored by Representative Stacey Campfield and Senator DeWayne Bunch. Tax trading on the rise by State Legislatures With school districts across Illinois clamoring for more dollars, the state's gubernatorial candidates offering ways to generate billions of additional dollars for education and some political heavyweights still committed to a controversial tax swap plan, the stars may never be more aligned for school funding reform. Moment of truth: school funding reform advocates believe 2007 may be ... by Moore, Natalie Y. / The Chicago Reporter The recently approved state budget relies on a complicated tax swap that allows state officials to borrow nearly $11 billion to bridge the state's revenue shortfall, but could prevent Santa Clarita from taking advantage in the coming years of the projected growth in sales tax revenue. SALES TAX FUNDS TO AID IN RECOVERY by Daily News (Los Angeles, CA)			Tax Planning Tax Preference Item tax preference items Tax Preparation Services tax rate Tax Rate Schedules tax redemption Tax Reduction Strategy Tax Reform Act of 1976 Tax Reform Act of 1984 Tax Reform Act of 1986 Tax Reform Act of 1993 Tax Refund Tax Return tax roll tax sale Tax Schedule Tax Schedules Tax Selling tax shelter Tax Shield Tax Software Tax Status Election tax stop Tax Straddle Tax Swap Tax Table Tax Treaty Tax Umbrella Tax Value tax year Tax-Appraised Value Tax-Deductible Tax-Deductible Interest Tax-Deferred Account Tax-Deferred Annuity Tax-Deferred Contribution tax-deferred exchange Tax-Deferred Income Tax-Deferred Retirement Plan Tax-Deferred Retirement Plans Tax-Efficient Fund Tax-Efficient Funds Tax-Equivalent Income Tax-Equivalent Yield Tax-Exempt Bond Tax-Exempt Commercial Paper Tax-Exempt Income Tax-Exempt Income Fund Tax-Exempt Interest Tax-Exempt Money Market Fund			tax shelter tax shelter tax shelter tax shelter tax shelter investments tax shelter investments tax shelter investments tax shelter investments Tax Sheltered Annuities Tax Sheltered Annuity Tax Sheltered Annuity Tax Sheltered Annuity Voluntary Compliance Tax Sheltered Income Tax Sheltered Incomes Tax shelters Tax shelters Tax shelters Tax shield Tax Shields Tax software Tax stamp Tax stamps Tax status election Tax Status Elections tax stop Tax Stops Tax straddle Tax Straddles Tax Study Commission Tax Support Processing Systems Architecture Tax Swap Tax Swaps tax system tax system tax system tax system Tax Systems Modernization Tax Systems Modernization Institute Tax Systems Redesign Tax Table Tax Tables Tax Tables for Resident Booklet Tax Tag and Title tax taker Tax Technical Corrections Act of 1998 Tax Technology Group Tax Timing Option Tax Timing Options Tax Title & License Tax Treaties Tax treaty Tax Tribunal Judgement Tax umbrella Tax Umbrellas Tax Us Tax Us Tax Us Tax Value Tax Values tax with

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