Submitted by chopsui101 t3_zzmz9o in personalfinance
If I had a loss this year could I sell VOO and buy SPY as a way to avoid a wash sale?
Comments
nozzery t1_j2ckt28 wrote
With most index, you probably could. With sp500, no, they are identical. Just switch to vti or vv
plowt-kirn t1_j2cjuhx wrote
I wouldn't. Go with a total market fund.
[deleted] t1_j2clj14 wrote
[deleted]
kveggie1 t1_j2d7ocw wrote
Of course this works only for non tax advantaged accounts (does not work for IRA, 403b, 401k, etc.)
BastidChimp t1_j2emnqm wrote
Don't sell VOO. Just keep DCA during this bear market. Take advantage of its discounted price. Time in the market beats timing the market.
vjr191 t1_j2ckqxj wrote
uncle_irohh t1_j2ck15u wrote
No. But etf - MF works
nozzery t1_j2ckr23 wrote
No it doesn't.
Mysunsai t1_j2cm09e wrote
The answer, formally, is that the IRS has not yet issued any ruling on that problem, and so nobody actually knows whether that could become a problem.
The practical answer is that it is so easy to find alternatives that still have essentially perfect correlation, that it is not really worth taking a risk on it.