Hello... I have a FedEx Stock position in my portfolio with a significant loss.
I want to take advantage of offsetting this loss against my other capital gains. But I really want to hold this position for the long term.
Scenario -1: I think I know this if I sell Fedex stock and buy back the same stock within 30 days, it will be a wash sale. And my cost basis gets adjusted and cannot harvest that loss.
Scenario-2: If I first buy more Fedex stock and then sell that specific lot with the loss.. does this also come under the wash sale rule. Or can I harvest this loss in this scenario? Also is there any number of days I have to wait before I can sell the lot with a loss?
Please help me,
Thanks
