Tax swapping bonds to offset capital gains explained
Reader asks about using tax swapping to offset gains from real estate sales. The article explains selling one set of municipal bonds at a loss and buying different bonds to preserve income, enabling a capital loss to offset gains and potentially reduce ordinary income tax, with a concrete example and cautions to consult a tax adviser.
MENTIONED IN THIS ARTICLE
Judith G. Rhoades
Copley
Balboa Island
Calif. A
State of California
Jones Named President of Security Sciences Corporation
Harold A. Jones elected president and chief operating officer of Security Sciences Corporation of America in Scottsdale. He previously served as vice president and general manager and is a former Motorola and RCA executive. He succeeds William J. Hanson who resigned.
MENTIONED IN THIS ARTICLE
Harold A. Jones
Security Sciences Corporation of America
Jones
Motorola
RCA
Northwestern University
Villa del Oro Association
Scottsdale Council of Homeowners’ Associations
William J
Walker & Armstrong
Phoenix
Raymond B. Martin
Scottsdale
Continental Service Corporation
Martin
University of Arizona
Richard H. Rudolph
Siemens Components Group
WEMA
Arizona Council
Ups and Downs on the New York Stock Exchange
The AP presents a list of stocks that rose the most and fell the most by percent change on the NYSE. It notes that net and percentage changes equal today's last price minus yesterday's close.
MENTIONED IN THIS ARTICLE
UPS and Downs
NEW York
New York Stock Exchange
Jock Exchange
Commodity closings from Madda Trading Co market report
London gold 141.00 up 1.00 per ounce. IMM Dec gold 140.40 down. Dec silver 4.20 7/10 down. Jan platinum 147.40 down 0.20. Dec copper 52.7c down 0.4c. Dec wheat 3.48 up 0.5. Dec corn 2.714 down 0.02. Jan soybeans 4.635 down 0.02. Dec live cattle 47.62 down 0.38. Dec live hogs 54.82 down 1.00. Feb pork bellies 82.00 down 3.20. Dec fresh eggs 56.55 down 0.65. May Maine potatoes 9.10 down 0.30. Jan plywood 134.20 down 5.80. Dec cotton 5.45 up 0.4 and 13.17 down 0. Déc. Market not closed.
MENTIONED IN THIS ARTICLE
Levitz Furn
Royccol
Loews
Ryder
Comsat
LaPacit
Stregp
SanFelny
Coopind
MAPCO
Marcor
New York
CrauHin
MarMid
Crown Cork
Curtis
Merck
DillonCo
AllegCo
Disney
TVA
al Aba
We Stevens
AjlisChal
Sean Dresser
Sova
Motorola
Ees Eaton
Tenaco
Va Emere
Texaco
Dr— Am Motors
Esmark
Wat
An&ig
Ethyl
Eeis Va
AmStand
Exxon
Bymt
Ma Thiokol
AMP Inc
Yewenee NewPw
TimeMir
Wu A
Ampex Corp
Sma
Falring
Nengel
Newmir
Transam
Wa Wit Ve &rchDan
Bet
TwenCen
Ye ArmstCk
Aes. Fst Ar
U — Asarco
Atrich
Atlas Corp
Ms Fmc
Wit Norton
Unocal
Wat Avco Corp
NorSim
OfisElv
Owen Cn
UniTel
Owen Itt
Bell How
Utah
van Ve Bendix
Fort Foe
BentiCp
Paclig
Bengt
Ldahop
PacPetrl
Varlan
Waa
Uva Va
Vatco Ofish
Va Boeing
Ioe
Mat PanAm Air
Ae Va Epw
BolseCas
Panep
Borden
Jager SnidSt
Pasco
Wachova
BorWar
Intrikeiic
Penn Cent
Warners
Isa
PaPwLt
PepsiCo
WestgEl
Yavat
BuddCo
Burling
PrilMorr
BuriNo
Pitney B
Cadence Ind
Jostens
M Joy Mfp
Wat Va ZaleCorp
RY CaroPw
Associated Press
CartWalt
Kennecott
Questor
Ko KnigtRid
RapaAm
Raytheon
Chessie
Kresger
RCA I
Kroger
Chris Craft
ReichCh
Chrysler
Lenpct
LenVal Ind
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Maine
New York Market Review of American Jock Exchange
An AP summary notes the day’s focus on the American Jock Exchange with movements shown irrespective of volume and current year price trends. The report emphasizes the day’s dominant up and down shifts and overall market sentiment.
Motorola GED Secures $4.1 Million Air Force Contract
Motorola Government Electronics Division in Scottsdale wins a $4.1 million contract for a classified Air Force ordinance device. Spokesman Al Skinner says work will be handled by existing staff and calls it a standard contract. He notes other contracts include a $1.5 million Navy airborne transponder and a $13.1 million classified Air Force ordinance project. The firm plans no immediate workforce expansion.
MENTIONED IN THIS ARTICLE
Motorola
Government Electronics
Scottsdale
al Skinner
GED
Skinner
Navy
Also Mentioned on This Page
Los Angeles
Calif
Hanson
Thomas R. Fissell
Phoenix & Valley of the Sun Convention and Visitors Bureau
Fissell
Arizona State University
Transamerica Title Insurance Company
Continental Bank
Dow Jones
Avco Cp
American Exchange
Kaneks
Lee
Aegis Corp
Ais Ltv Corp
Viet
Asamera
Marinduq
Atees
McCull
Medenco
Cinerama
Newpark
EarthRes
Nor Cain Olis
Ormand Ind
Ozark Alra
PanOcean
Enix
Goldfield
impOil A
Vikos Inc Ma
Jetronic Ind Jomany Vt O
Harvey Gr
Wichita Ind Va
Housewar
Mercent Lad
Hughes-Calihan Corporation
Arizona
16Th ST
Martapr
Scottsdale (Az
Daily Progress
Motorola Ged
Slulk
Value Ling
Investors Reference Service
Value Line
Investors
Arnold Bernhard & Co., Inc
E. 44Th St
N.Y
Zip