zero tax rate for 2020 long term capital gains

[SS573]

if stock is sold at a profit to lock in the 2020 zero tax rate for long term capital gains; when can it be bought back without losing the tax advantage?

Or to ask the question a different way; Is there a time requirement similar to the "WASH Sale" rule for capital gain losse?

[tagteam · Accepted solution]

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@SS573 wrote:

if stock is sold at a profit to lock in the 2020 zero tax rate for long term capital gains; when can it be bought back without losing the tax advantage?

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Immediately since the wash sale rule does not apply to gains, only to losses (i.e., you cannot recognize a loss if you sell and then purchase substantially the same security within 30 days).

However, do not sell the replacement shares at a loss and then re-purchase them within 30 days or you will run into the wash sale rule.