Wash Sale Question

[Richharold]

During 2022 I sold all shares I owned of Delaware Tax Free and all shares I owned of Invesco Rochester Muni Opportunities both at a loss. Both funds are Muni bond funds. I immediately purchased shares of Invesco Pennsylvania Municipal Fund and Delaware Tax Free Pennsylvania Class C with the proceeds. Both of these are also Muni bond funds. I'm thinking this would be considered a wash sale meaning I could not use the loss in my 2022 tax return. Appreciate thoughts about these transactions.

[robtm]

A wash sale is when you sell a stock or fund at a loss and within 30 days you purchase the same stock or fund. Since both your funds were invested in different funds I do not think that this would be considered a wash sale and you could deduct the loss on your 2022 taxes. Also, on your 1099-B, column 1g Wash sale disallowed would have an entry other than zero if this was considered a wash sale.

[Mike9241]

actually, the wording for wash sales is  "substantially identical stock or securities". if you used the same broker or funds for the purchase and sales it's for them to determine if they meet the definition.