calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Some may know that we (as a couple) do real estate. We rent places out, we lend on property, we carry some contracts on places we've sold. We have not invested much in the stock market. In 2014, after selling all our stock holdings in late 2012 and sitting out the 2013 30% rise, we started buying back in.
Currently hold about 31% VTIAX foreign, 41% VTSAX, and the remainder in VIGAX, VIMAX, and VSGAX, so pretty close to 1/3 foreign and 2/3 domestic index funds.
I read that the 1/3 foreign, 2/3 domestic split is a good thing, but we are going to have a fair amount of taxable income this year and the VTIAX took a beating. So what is a good plan? Do nothing? If I sell the VTIAX and buy a comparable ETF I run afoul of the wash sale rule as it is too similar, right? Sell and sit on the money for 32 days and then re-buy the VTIAX? Exchange the VTIAX for VTSAX and then load up on VTIAX next year till we are back at 33%? (and does that exchange realize the loss for the writeoff?)
I can only write off $3000 against ordinary income, but can write off an unlimited amount against capital gains, right?
This sure is different than "like the house, buy the house - add labor, make money" but I'm getting too old for the add labor part.
Currently hold about 31% VTIAX foreign, 41% VTSAX, and the remainder in VIGAX, VIMAX, and VSGAX, so pretty close to 1/3 foreign and 2/3 domestic index funds.
I read that the 1/3 foreign, 2/3 domestic split is a good thing, but we are going to have a fair amount of taxable income this year and the VTIAX took a beating. So what is a good plan? Do nothing? If I sell the VTIAX and buy a comparable ETF I run afoul of the wash sale rule as it is too similar, right? Sell and sit on the money for 32 days and then re-buy the VTIAX? Exchange the VTIAX for VTSAX and then load up on VTIAX next year till we are back at 33%? (and does that exchange realize the loss for the writeoff?)
I can only write off $3000 against ordinary income, but can write off an unlimited amount against capital gains, right?
This sure is different than "like the house, buy the house - add labor, make money" but I'm getting too old for the add labor part.
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