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Hi,

My BCS (and diagonals) after some time, if everything goes as planned, show a big gain on one leg and a big loss on the other with a small difference. It looks like come december I should be able to accelerate either gains or losses as needed to get my net taxable income to a comfortable point around 40k to minimize taxes.
I should be able to realize any gains required by closing part of one leg and reopening it immediately (no wash sale applies).
Now, if I need to realize some losses, I am thinking that if I restructure the spread to a bigger or smaller one by closing one leg and reopening it at a different strike, then the wash sale does not apply as their behaviour is different.

Would that work?
--
Juan@Austin
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