Special Situations

There are several types of transactions or situations that call into play a number of more technical rules. In some cases, the special rules will operate to disallow the tax break for capital gains. If any of the situations listed below apply to you, you may need the assistance of a tax professional to sort out the facts and make sure that you pay the least possible amount of tax:

• sales to related parties
• wash sales
• short sales, commodity sales, and straddles
• qualified small business stock