jbmaria

Tax Loss Harvesting & the 'Wash Sale' Rule

Thanks Richard but at the risk of sounding "dense",the switch will not allow claiming the loss or will legally allow the loss to be claimed?

Your response was bit confusing:

'I will offer my uncertified personal view that
substituting a 2X fund tracking the same index as a 1X fund you sold
for a loss does not qualify under the Wash Sale Rule."

My thinking was that to get the 2x leverage,derivatives ,not the underlying securities were used?

TIA