Definitions for "tax swap"
Keywords:  swap, offset, portfolio, capital, gain
The sale of a security that has declined in price since its purchase and the...
Swapping two similar bonds to receive a tax benefit.
Selling one security that has experienced a capital loss and replacing it with another similar security in order to partially or fully offset a capital gain that has been realized in another part of the investor's portfolio; used to avoid Internal Revenue Service regulations against wash sales.