RIA Boston

ETFs: Clearly Better Than Mutual Funds

"For example, you can take a loss in one S&P 500 Index Fund and replace it with, say, this S&P 500 Index Fund (AMEX: IVV). Even though these funds have the same benchmark and are virtually identical, they are different funds, so the IRS allows the switch."

I've had two accountants tell that the IRS might disallow it and call it a wash sale. Two other accountants have said it would be fine. Any definitive views?