Wash sales and index investing
Wash sale rules prohibit an investor from recognizing a loss for tax purposes if securities are sold and "substantially identical" securities are purchased within 31 days.
Wash sale rules prohibit an investor from recognizing a loss for tax purposes if securities are sold and "substantially identical" securities are purchased within 31 days. We were recently reminded that these rules apply only to securities, not to gold, currencies or other non-securities assets.
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