Tax Loss Harvesting & the 'Wash Sale' Rule [View article]
jbmaria:
Cautioning that I am not a tax advisor, that you cannot rely on my comments for tax decisions (only to stimulate further tax research by you, or to help you frame questions) and that you should consult your own tax advisor, 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.
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jbmaria:
Dec 15 16:49 pm
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All Comments by QVM Group »Tax Loss Harvesting & the 'Wash Sale' Rule [View article]
Cautioning that I am not a tax advisor, that you cannot rely on my comments for tax decisions (only to stimulate further tax research by you, or to help you frame questions) and that you should consult your own tax advisor, 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.
Richard Shaw