Earlier this year, I sold some ABC stock with a loss of $8244. I currently own some XYZ stock that has an un-realized gain of about $9000. I want to keep my XYZ stock. I could sell the XYZ and then immediately purchase different shares, but I would have to pay a broker.
Is there an way to take the gain, pay the capital gain on (about) $756, and get a step-up in basis for the XYZ to $9000 (or whatever the price is that day)?
- posted 4 years ago