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Is USO substantially identical to UCO?
If I sell USO ( hold more than 1 year) in my taxable account with a loss $5000, and buy UCO in my roth IRA on the same day, let's say both on April 1st, is this a wash sale? If this is a wash sale, can I buy back USO in my taxable account again within 30 days,., i.e. before April 30, and then sell it again later, can I still add the loss from the first sale of USO to the cost basis of the second purchase of USO, and thus claim the loss when I sell USO second time on May 15?
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March 26, 2020
11:17 AM