@M-MTax wrote:
Yes, but you have to be mindful of the wash sale rule:
https://turbotax.intuit.com/tax-tips/investments-and-taxes/wash-sale-rule-what-is-it-how-does-it-wor...
Your loss is disallowed for tax purposes if you sell stock or other securities at a loss and then buy substantially identical stock or securities within 30 days before or 30 days after the sale.
The wash rule applies even if the sale and repurchase happen in different calendar years (straddling the New Year). It's 31 days or more no matter what.
