The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Avoid Mutual Fund taxes by getting stock ?||Date: 9/21/1998 1:28 PM|
|Author: gsr||Number: 5413 of 120415|
I am in the process of becoming Foolish and slowly exiting Mutual Funds in favor of direct investing into stocks.
My question is: Can you postpone capital gains taxes on money that is in these mutual funds by receiving stock instead of cash ?
I remember several prospecti saying that the mutual funds had the Option to send you stock certificates if selling stocks to raise cash would be disruptive to other fund members.
I was just wondering if you could ask for 166 shares of Dell @60 instead of $10,000 and just move your cost basis of say $4000 over to the stock and not have to immediately pay gains on $6000 ?
Thanks in Advance
-Greg Reynolds / gsr
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