swapping assets to avoid capital gains taxes

USA Discussion in 'Individuals' started by JudyP, Jul 26, 2018.

  1. JudyP

    JudyP

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    My brother has a mutual fund with large unrealized gains that he wants to cash out. I have a mutual fund of equal value with no unrealized gains that I want to donate to charity. Can I spare my brother from having to pay capital gains taxes by swapping funds with him?
     
    JudyP, Jul 26, 2018
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  2. JudyP

    JudyP

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    After more research, I've concluded that the answer to the above question is "no".
    I submitted my follow-up question (How are stock transfers reported on 1099-B forms?) as a new thread.
     
    Last edited: Jul 27, 2018
    JudyP, Jul 27, 2018
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