I thought that I had posted this yesterday but I never saw it on the message board.My wife inherited about $2000 worth of stock when her father died in 1978. The stock is now worth over $12000.We were thinking of selling it and putting the entire amount back into four new stocks.Does this count as a wash sale since we are simply re-investing the entire amount? Or, would we be subject to a 20% capital gains on the $10000 increase in the investment?I think that we'd have to pay capital gains, but it never hurts to ask.Thanks.-TinyTone
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