Tafkah
Recycles dryer sheets
Now that I'm in the lowest federal tax bracket, I'd like to start realizing some long term capital gains that have accumulated in a taxable ETF. I plan to do it gradually over several years to avoid paying federal tax on the gain, even though my state will tax the gain as ordinary income.
What's the best way to accomplish this? If I buy and sell the same ETF on the same day, wouldn't the "wash sale" rule apply? What if I sold Vanguard Total Stock Market ETF and bought Vanguard S&P 500 ETF the same day?
Thanks for your help.
What's the best way to accomplish this? If I buy and sell the same ETF on the same day, wouldn't the "wash sale" rule apply? What if I sold Vanguard Total Stock Market ETF and bought Vanguard S&P 500 ETF the same day?
Thanks for your help.