Okay-- as I understand it, it's a "wash sale" if I sell a security, and buy a "substantially identical" security within 30 days. My question is about the meaning of "substantially identical".Suppose I just took a big loss on my shares of the Vanguard S&P 500 Index Fund (it could happen, if I buy at just the wrong time...) I want to stay invested, but realize the loss. So I sell all my shares of the Vanguard S&P 500 Index Fund, and I reinvest right away in the Schwab S&P 500 Index Fund. Is that a wash sale? The two mutual funds are invested the same way, and perform about the same, but are run by different companies.Thanks,--AMS
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M