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Author: TinyTone Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120809  
Subject: Capital Gains Question Date: 4/15/1998 8:13 PM
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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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