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Investors & landlords
You can also not come under the wash-sale rule if the security you purchase is not “substantially identical” to the security sold at a loss. So it might be the case that if you sell an SP500 index fund and buy a Total Market index fund, or sell Ford and buy GM, that those replacement securities might not be "substantially identical." but close enough to keep you invested as you want to be for 30 days when you sell again and buy what you really want. (It would be a good idea to research if there is any guidance on what “substantially identical” means.)
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December 15, 2021
7:24 PM