Quantum Sufficit
Recycles dryer sheets
- Joined
- Jan 24, 2011
- Messages
- 128
Hello,
I have read about the wash sale and vanguard tax loss pairs. On March 2nd 2020 I executed a tax loss harvest by selling Total stock market admiral and purchasing index 500. (the trade date 3/2, settled 3/3). Vanguard cost basis realized section rewards me with a 51k short term capital loss free of wash sale flags. Subsequently since that time both index 500 and total stock market paid a march dividend. I still hold total stock in Ira's but diverted dividends to the federal money market where they still sit in my wife's IRA and mine. The dividends paid by index 500 from my taxable acct. were swept out to my bank acct to use for expenses.
Now it is 4/2. I would like to reverse the trade and rebuy Total stock and sell index 500 in taxable and claim (Unfortunately a much larger) capital loss. I counted day 1 as 3/3/20 and therefore today's trade date marks day 31. Am I all clear? Please help market closes 50 minutes!
I have read about the wash sale and vanguard tax loss pairs. On March 2nd 2020 I executed a tax loss harvest by selling Total stock market admiral and purchasing index 500. (the trade date 3/2, settled 3/3). Vanguard cost basis realized section rewards me with a 51k short term capital loss free of wash sale flags. Subsequently since that time both index 500 and total stock market paid a march dividend. I still hold total stock in Ira's but diverted dividends to the federal money market where they still sit in my wife's IRA and mine. The dividends paid by index 500 from my taxable acct. were swept out to my bank acct to use for expenses.
Now it is 4/2. I would like to reverse the trade and rebuy Total stock and sell index 500 in taxable and claim (Unfortunately a much larger) capital loss. I counted day 1 as 3/3/20 and therefore today's trade date marks day 31. Am I all clear? Please help market closes 50 minutes!