Avoiding Wash Sales

[wtfire]

I have automatic monthly contribution to my retirement account with VTSAX and VGTSX. On my brokerage account, I am thinking to buy some Vanguard Large-Cap ETF (VV) or Vanguard S&P 500 ETF (VOO) whenever I have extra money in order to avoid wash sale in the future when I need to sell them. Does my thinking make sense?

[livesoft]

Some folks do that, so it can make sense.

[smarcus3]

If you're just buying what's the concern with a wash sale as you're not selling?

[wtfire]

I just want to plan ahead and avoid the hassle in case I need to sell in the future.

[smarcus3]

Gotcha. I personally wouldn't worry about it as you can always get around it if you could do tax loss harvesting at that time. Simplifying your holdings is a nice plus.

[NMBob]

makes sense to me. But just remember, every time you make something idiot proof, they make a better idiot!!

[rkhusky]

I just want to plan ahead and avoid the hassle in case I need to sell in the future.

Sounds like a good plan. I usually advise people to keep different funds in their taxable accounts than their tax-advantaged accounts if they are hoping to TLH, in order to avoid potential mistakes or the hassles of rejiggering their portfolio.

You should also create a list of potential TLH partners for whatever you decide to put in your taxable account.

[3-20Characters]

I just want to plan ahead and avoid the hassle in case I need to sell in the future.

Sounds like a good plan. I usually advise people to keep different funds in their taxable accounts than their tax-advantaged accounts if they are hoping to TLH, in order to avoid potential mistakes or the hassles of rejiggering their portfolio.

You should also create a list of potential TLH partners for whatever you decide to put in your taxable account.

Exactly my thinking and practice.