Random Flashcards
0
Q
What is a bond swap?
A
Selling a bond at a loss in order to realize a capital loss, and then buying another bond with the same features from a different issuer to replace it.
1
Q
When gifting a security, what are the three tax implications?
A
Recipient takes donors original cost basis.
Recipient takes over donors holding period.
Giver is liable for donations over a certain amount.
2
Q
What does cost basis mean?
A
The money within an investment holding on which you have already paid tax.
