Re: Like kind exchange

Mark Bole <makbo@[EMAIL PROTECTED]
> writes:
> Bill wrote:

> > Am I correct that I cannot do a "like kind exchange" under the IRS
> > regulations to exchange shares in an S&P 500 mutual fund for shares in
> > an S&P 500 ETF?

> Yes.  Stocks and other securities are excluded from like-kind exchange
> rules.

Yet if the SP500 fund were sold at a loss and the SP500 ETF
were then purchased within 30 days, it'd probably be
considered a "wash sale" and you wouldn't get to recognize
the loss.

<http://www.smartmoney.com/tax/capital/?story=washrules>

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