Wash Rule Substantially Identical Mutual Funds

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Julie Jason: Learn IRS rules before ‘tax-loss harvesting’
If the sale runs afoul of the “wash sale” rules ... identical?” It’s clear that Coke and Pepsi are not substantially identical even though they are in the same industry, according to Calbo. What can be said about exchange-traded funds (ETFs) and.

How to Avoid Violating Wash Sale Rules When Realizing Tax Losses
When recognizing tax losses, you do have to be careful that you do not trigger a wash sale ... a reorganization. The rules also apply to short sales. According to IRS Publication 564, mutual funds are not viewed as substantially identical to funds issued.

Irs Uses The 31-day Rule For Loss On A Stock Sale
The wash-sale rule comes into play only when you suffer a loss on the sale of shares of stock -- including shares of a mutual fund -- or securities and purchase, or buy an option to purchase, "substantially identical" stock or securities. If you do so.

Investment Strategies: How not to let wash sales put you through wringer
In today's high-volume markets, investors and mutual ... the wash-sales rule, an option or contract to acquire a stock is the same as a completed acquisition. * "Substantially identical" shares and side-step transactions: Using sales of stock or funds.

Don’t Take a Bath By Ignoring the 'Wash Sale' Rule on Stock Losses
Instead, under the “wash sale ... bond, mutual fund, etc. The basic rule is that you cannot deduct a loss within 30 days before or after the sale if you buy the same security or one that is “substantially identical.” Doing so “washes out.

Strategies to Help Clients Around the Wash Sale Rule
Of course, many clients may wish to sell an asset to realize losses, then turn around and repurchase the same fund ... the wash sale rule. A wash sale occurs when an investor sells an asset at a loss and, within 30 days, acquires "substantially identical.

How the Wash-Sale Rule Can Trip Investors
Take the wash-sale rule. Running afoul of it ... But the term "substantially identical" provides some wiggle room. If you can't repurchase XYZ, maybe you could buy another stock, fund or exchange-traded fund that will rise in tandem with XYZ – another.

For Clean Tax Loss On Stock, Heed `Wash Sale` Rule
The wash sale rule comes into play only when you suffer a loss on the sale of shares of stock (including shares of a mutual fund) or securities and purchase or buy an option to purchase ``substantially identical`` stock or securities. If you do so within.

Tax Loss Harvesting And Wash Sales
Whenever you have significant losses in a taxable account, you should consider tax loss harvesting ... stating that for any of these reasons the two funds are not "substantially identical." The wash sale rules were written prior to the advent of mutual.

Be careful of the ‘wash sale’ rules when taking losses
If you are not careful, however, you may run afoul of the wash sale rule ... identical" replacement. What is "substantially identical"? Good question. There is debate about this because the IRS says almost nothing about it. To me, swapping an S&P 500 index.

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