SCHD and DGRW & Tax Loss Harvest

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sonosoldi3112
Posts: 161
Joined: Fri Sep 17, 2010 8:40 pm

SCHD and DGRW & Tax Loss Harvest

Post by sonosoldi3112 »

My first Tax Loss harvest venture ...just wondering if I can sell DGRW and buy SCHD and that they are not substantially the same in the context of IRS and wash Sale Rule. Thank you all

SCHD Schwab US dividend Equity ETF
DGRW Wisdom Tree US Quality Dividend Growth Fund
sycamore
Posts: 4641
Joined: Tue May 08, 2018 12:06 pm

Re: SCHD and DGRW & Tax Loss Harvest

Post by sycamore »

I don't think they're substantially identical.

Bonus answers:

And I'm happy to let the IRS audit you and take you to Tax Court to prove it.

And I would use VIG instead of DGRW.

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Winthorpe
Posts: 334
Joined: Mon Apr 13, 2009 12:29 am

Re: SCHD and DGRW & Tax Loss Harvest

Post by Winthorpe »

VIG, SCHD, and DGRW are all good partners.

QDIV, VTV, and AVLV are "close enough" and pretty inexpensive, too, if you need more options.
Winthorpe
Posts: 334
Joined: Mon Apr 13, 2009 12:29 am

Re: SCHD and DGRW & Tax Loss Harvest

Post by Winthorpe »

Also, iShares DGRO is very similar to VIG and SCHD.
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