All articles tagged with #wash sale rule
Originally Published 5 months ago — by Forbes
The article warns investors about the wash sale rule, which disallows claiming tax losses on stocks sold at a loss if repurchased within 30 days, highlighting its impact on meme stock traders and the importance of understanding this rule to avoid unexpected tax bills.
Originally Published 2 years ago — by MarketWatch
Selling long-term Treasurys in a taxable account before the end of the year can help investors harvest a tax loss to offset capital gains. By selling and repurchasing a different long-term Treasury ETF after the 30-day wash sale rule expires, investors can maintain exposure to long-term Treasurys while avoiding violating the rule. Care must be taken to choose a substitute ETF that is not "substantially identical" to the one sold. ETFs provide a convenient option for finding similar but not identical assets to harvest tax losses while maintaining portfolio exposure.