On Thursday, June 2, 2022 at 12:04:41 PM UTC-4, MZB wrote:
Suppose I have a stcg loss in XYZ, realized in late Dec., 2022.
I don't want that loss in 2022. I prefer it in 2023.
Can I just buy XYZ, and then sell it,say in early Jan., 2023?
In that way, the wash sale rule will disallow the loss.
I then buy back XYZ and sell it. Wouldn't the 2022 loss be incorporated
in the new trade, hence taken in 2023?
Mel
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Since this hasn't happened yet, why not just hold the investment until January and then sell it. Much less paperwork. That said, your plan would work, Just remember that the holding period on the replacement shares is reset back to the purchase date of
the original shares.
Ira Smilovitz, EA
Leonia, NJ
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