The time to do some tax-loss harvesting?
I'm a relatively new taxable investor in mutual funds (although long-time sheltered investor in IRAs/403b/457 accounts). So I'm just starting to consider tax consequences of dividends and capital gains from mutual funds.
Given the recent drop in stock prices (especially international) I assume this is a good time to harvest my losses in VTIAX and immediately reinvest. I do understand that I have to be careful about wash sales but as I understand the rules I will be OK if the repurchase is not “substantially identical”.
Does this mean I could buy/exchange into a US-focused mutual fund (VTSAX) or a balanced fund (VWENX) without waiting 30 days? Could I exchange for a different international fund (more regionally restricted than VTIAX)? Any advice would be appreciated.