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Originally Posted by V
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If you read that though, that rule is regarding partial losses that were purchased within 30 days as well. I think that would be a rarity, but it will depend on what type of “investing” a person is engaged in. I can’t say I’ve ever run into that scenario and wouldn’t expect it comes up all that often.
But it’s 30 days and that’s common. If you have worries about selling something for the capital loss and it’s propensity for things to turn though, you could always buy something very similar. Say you have shares in one big bank and you sell those and buy a different one. That type of trade happens all the time, because you maintain exposure to the sector. The rule is the identical security, so there’s where that option arises.
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Originally Posted by V
I don’t think Slava’s an accountant?
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I’m not. I’m a Portfolio Manager and Investment Advisor.