hello,I just sold a REIT preferred which deals in grocery store anchored community shopping centers at a loss. If I buy a REIT preferred of a company that deals in retail outlet centers (no groceries), am I buying a stock which is so similar to what I sold that I won't be able to realize the loss?Thank you for any help.
Buying a similar or nearly identical stock is not a problem. Think Exxon and Mobil. If you seel Exxon and buy Mobil you do not have a wash.You only have a wash if you purchase the same security within 30 days.Dusty
Buying a similar or nearly identical stock is not a problem. Think Exxon and Mobil. If you sell Exxon and buy Mobil you do not have a wash. =================================Tough to do that, though.ExxonMobil (XOM) has been one company for several years now.Bill
Thank you so much for your reply. Much appreciated.
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