always_learning
Recycles dryer sheets
- Joined
- Feb 2, 2017
- Messages
- 267
When do you decide to TLH?
I have never TLH before and have been reading about it but most of the info out there is a bit murky and doesn’t get into the topic of when it’s a good idea to do this. Past threads on this site and the info on Bogleheads have helped but I still don’t know why/when people decide to do it as opposed to just waiting out a rebound. And the info on avoiding wash sales is really vague.
We have a Mutual Fund that is way down from when we put money in last year (to the tune of > 60,000 ‘loss’) and I was thinking about TLH and then buying back in after 31 days. We would hold it in cash until the 31 days had passed. Is the benchmark all we have to consider in not creating a wash sale? Our SP 500 will be paying some DIV soon but the fund I'm considering for TLH follows the Russell.
We have other taxable mutual funds that typically throw off lots of year-end DIV/CG but I obviously have no idea what this year will do. We are also doing Roth conversions to the top of the 24% bracket, so a tax break on any DIV/CG would be nice.
So, when do you decide it’s a good idea to TLH? Would you TLH now or wait to see what happens with the fund and year-end DIV/CG?
Also, does TT handle this for us when it’s most likely going to involve a multiple-year carryover or will I have to have more info/calculations handy in subsequent years?
I have never TLH before and have been reading about it but most of the info out there is a bit murky and doesn’t get into the topic of when it’s a good idea to do this. Past threads on this site and the info on Bogleheads have helped but I still don’t know why/when people decide to do it as opposed to just waiting out a rebound. And the info on avoiding wash sales is really vague.
We have a Mutual Fund that is way down from when we put money in last year (to the tune of > 60,000 ‘loss’) and I was thinking about TLH and then buying back in after 31 days. We would hold it in cash until the 31 days had passed. Is the benchmark all we have to consider in not creating a wash sale? Our SP 500 will be paying some DIV soon but the fund I'm considering for TLH follows the Russell.
We have other taxable mutual funds that typically throw off lots of year-end DIV/CG but I obviously have no idea what this year will do. We are also doing Roth conversions to the top of the 24% bracket, so a tax break on any DIV/CG would be nice.
So, when do you decide it’s a good idea to TLH? Would you TLH now or wait to see what happens with the fund and year-end DIV/CG?
Also, does TT handle this for us when it’s most likely going to involve a multiple-year carryover or will I have to have more info/calculations handy in subsequent years?