Can I Tax loss harvest this?

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Topic Author
sgadlin
Posts: 12
Joined: Tue Jun 16, 2015 10:32 pm

Can I Tax loss harvest this?

Post by sgadlin » Mon Jul 16, 2018 12:16 pm

So I have been TLH the past few months with VTIAX and VFWAX
It has left me with the following Lots in VTIAX

Date acquired (short term gain/loss)
12/26/2017 – $722.55
02/08/2018 – $51.81
06/29/2018 +$340.85

Ideally I would like to sell the 12/26 and 2/8 lots and keep the 6/29. However, since it is within 30 days of buying the 6/29 share, would I have to sell the 6/29 share as well. Thanks for any insight.

livesoft
Posts: 69606
Joined: Thu Mar 01, 2007 8:00 pm

Re: Can I Tax loss harvest this?

Post by livesoft » Mon Jul 16, 2018 12:34 pm

Just wait until the 31st day AFTER 6/29 and then TLH. So to answer you question: Yes.
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magicrat
Posts: 805
Joined: Sat Nov 29, 2014 7:04 pm

Re: Can I Tax loss harvest this?

Post by magicrat » Mon Jul 16, 2018 3:03 pm

You CAN tax-loss harvest, but you will create a wash sale if you do so now. Better to follow livesoft's advice.

Topic Author
sgadlin
Posts: 12
Joined: Tue Jun 16, 2015 10:32 pm

Re: Can I Tax loss harvest this?

Post by sgadlin » Mon Jul 16, 2018 6:27 pm

livesoft wrote:
Mon Jul 16, 2018 12:34 pm
Just wait until the 31st day AFTER 6/29 and then TLH. So to answer you question: Yes.
Thanks, just wanted to clarify as it always confused me.

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