topic Wash Sale with Index Funds too? in Investors & landlords

Wash Sale with Index Funds too?

33bmarc — Sat, 03 Apr 2021 00:29:53 GMT

Hey All,

So I sold AAPL then bought VGT and DIA less than 30days after the sale. AAPL is included in these funds. Does that mean I’ve accidentally violated the Wash Sale Rule?

Thanks for reading

Re: Wash Sale with Index Funds too?

Mike9241 — Sat, 03 Apr 2021 00:38:17 GMT

a wash sale occurs when there is a loss on sale and then substantially identical securities are bought within the wash sale period. so are VGT and DIA substantially identical? I am not the IRS or the courts. but I would say no.

even different classes of the same stock may not be substantially identical.

Re: Wash Sale with Index Funds too?

33bmarc — Sat, 03 Apr 2021 00:40:07 GMT

True on DIA and VGT but AAPL is inside both of those funds. So it’s like I did indeed buy back AAPL? That’s my concern/wonder.

Re: Wash Sale with Index Funds too?

Critter-3 — Sat, 03 Apr 2021 00:43:03 GMT

Apple stock and mutual funds that have APPLE in their portfolio are NOT the same and you do NOT have a wash sale issue.

Re: Wash Sale with Index Funds too?

33bmarc — Sat, 03 Apr 2021 00:44:28 GMT

😄I hope you’re right