This might be exactly what I need, but I am not at all well versed in these things.
For 2024 to date, I have approximately $200,000 in realized capital losses.
Is there still time this year to execute this approach to clear these losses with realized gains using SGOV (or similar)?
Any chance someone can lay out the steps in a simple, clear way?
EDIT: This is a taxable account. I have about that amount in gains in VTI. Can (and should) I just sell the VTI for the gain and buy it right back? Or is that a wash sale?
For 2024 to date, I have approximately $200,000 in realized capital losses.
Is there still time this year to execute this approach to clear these losses with realized gains using SGOV (or similar)?
Any chance someone can lay out the steps in a simple, clear way?
EDIT: This is a taxable account. I have about that amount in gains in VTI. Can (and should) I just sell the VTI for the gain and buy it right back? Or is that a wash sale?
Statistics: Posted by josephny — Sat Sep 21, 2024 2:30 am — Replies 46 — Views 10211