If I sell one Tax exempt Muni Bond fund to buy another within 30 days is that a wash sale?

[TomYoung]

A "wash sale" only occurs if you sell at a loss and then buy a "substantially identical” security within +/- 30 days of the trade.  So if you don't have a loss you certainly don't have a wash sale.  Even if you do have a loss on the sale probably buying a different muni bond fund wouldn't be considered "substantially identical"; that term has never been closely defined.

Tom Young

[thebullmoose]

Yes. the sale would be at a loss and the new fund would be a similar Muni tax exempt fund with a different investment firm.