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BouncyEgg t1_j2a5ebi wrote

Beware of what are referred to as "Wash Sale rules"

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RealAustinNative OP t1_j2amdkc wrote

I didn’t realize this applied if you were re-purchasing similar funds in a different type of account.

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buildyourown t1_j2aq10e wrote

I just looked this up for my own harvesting.
The IRS has some ambiguous language. You can't buy the sma fund but you also shouldn't buy a similar fund with a different name. Ie, if you swap a vanguard s and p fund for a fidelity s and p. You can swap a total market for an s and p. That's what I did. You also can't rebuy the fund you sold. So if you have auto buys on your 401k you need to switch them.

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vynm2 t1_j2ca5o0 wrote

It definitely does, and you can effectively lose the losses if you repurchase the shares in an IRA (Roth or Traditional).

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