Suppose I have a stcg loss in XYZ, realized in late Dec., 2022. I don't want that loss in 2022. I prefer it in 2023.
Can I just buy XYZ, and then sell it,say in early Jan., 2023?
In that way, the wash sale rule will disallow the loss.
I then buy back XYZ and sell it. Wouldn't the 2022 loss be incorporated in the new trade, hence taken in 2023?
Mel
Since this hasn't happened yet, why not just hold the investment until January and then sell it. Much less paperwork. That said, your plan would work, Just remember that the holding period on the replacement shares is reset back to the purchase date of the original shares.
Ira Smilovitz, EA Leonia, NJ
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.