I have about 30k in losses and I'm debating selling everything and repurchasing after 31 days.
My understanding is I could carry over 3k for ten years and write the 3k off yearly as long as I don't have any captain gains.
The downside risk would be if the stocks I'm selling recover during those 31 days. Assuming I have no capital gains for ten years and write 3k off each year, the stock would have to increase 18.5% in 31 days to offset the amount of taxes I'll save over ten years. Assuming the stock eventually recovers in five years it'd have to increase no more than 9.3%.
Are my assumptions correct?
Submitted December 21, 2022 at 01:09AM by Raal657 https://ift.tt/s7hUMbF
