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Get your taxes done using TurboTax
@spichon no, moving the cash to a money market fund does not trigger 'wash sale'.
Wash Sale is triggered when you sell a position for a loss AND you purchase that same security 30 days prior to or 30 days after the sale date.
example
Purchase 100 shares of X company @ $10 on January 1
Purchase 80 shares of X company @ $9 on February 1
Sell 50 shares of X company from the January 1 lot on Feb 15 for $8 - that loss of $100 is considered a wash sale because there was a loss and another lot was purchased between January 15 and March 15.
‎September 22, 2023
11:04 AM