My nationality is US so my question is related to US tax laws. My question is related to non-retirement related investiment. It is just for a regular investment account.
Last year I have 6000USD of tax loss carried over into this.
So far, my portfolio has realized gains and losses. I can just sell stocks/bonds for $6000 profit tax free due to being offset by the losses right? Since my bank doesn't charge transaction fees, I am thinking about just selling them to turn unrealized gains into realized gains and buy them right back.
The confusing part of it all is the deal related to long term vs short term. Because my 6000USD tax loss comes from bonds which I held for more than 6 months, so to cancel those out, my profit has to be long term capital gains?
Submitted December 21, 2023 at 01:23AM by Taiwanese_Jesus https://ift.tt/UiaWTvK
