Retireby45ish
Recycles dryer sheets
- Joined
- Dec 8, 2018
- Messages
- 209
I have two questions. I googled the first and couldn’t find an answer. And figured I might as well ask the second
1. I wanted to tax loss harvest some IWM I bought last year. Is VTWO significantly different enough where I can buy this in its place? I know this is a bit grey but they both have almost the same description so I wanted to be safe to ask others’ thoughts.
Also, my plan, if these two were in a pretty similar place in 31+ days was to swap them back out since I prefer IWM since I can trade options (more liquidity) on that one. If they are both up then so be it I guess…
Edit: this link has me think these are too similar since they use these as the example. :facepalm
https://investorjunkie.com/investing/wash-sale-rule/
2. I would be locking in a short term loss with this. Is this better than a long term loss? For this question let’s assume I have both long term and short term gains this year as well. I think locking in the short term loss to offset the short gains is better. But again, I always want to be safe with this stuff and ask.
1. I wanted to tax loss harvest some IWM I bought last year. Is VTWO significantly different enough where I can buy this in its place? I know this is a bit grey but they both have almost the same description so I wanted to be safe to ask others’ thoughts.
Also, my plan, if these two were in a pretty similar place in 31+ days was to swap them back out since I prefer IWM since I can trade options (more liquidity) on that one. If they are both up then so be it I guess…
Edit: this link has me think these are too similar since they use these as the example. :facepalm
https://investorjunkie.com/investing/wash-sale-rule/
2. I would be locking in a short term loss with this. Is this better than a long term loss? For this question let’s assume I have both long term and short term gains this year as well. I think locking in the short term loss to offset the short gains is better. But again, I always want to be safe with this stuff and ask.
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