hi friends. i am reviewing my portfolio looking for opportunities to harvest losses for tax purposes. the IRS states that you cannot reinvest your funds back into a "substantially identical security" if you've sold for a loss (white wash rules). what constitutes a "substantially identical security"? if i were to sell stock of an individual company, am i allowed to invest those proceeds into another individual company (e.g., sell square and buy pay pall)? any help would be appreciated. thank you.
Submitted May 13, 2021 at 06:08PM by mr_cab https://ift.tt/3yikhq7
