I have some capital gains this year I want to offset by selling some assets at a loss in December. But I actually want to keep my assets too while still avoiding the wash rule disqualification. If I were to sell with one broker (Chase) at a loss, then buy on another (Robinhood), the tax documents that are generated for each exchange won’t realize this so it won’t disqualify my losses from the wash rule, right? I’m pretty sure they wouldn’t share my trading information to realize that I just sold the same stock on another brokerage but I want to double check.
And yes, I realize that legally the wash rule applies, but I’m pretty sure the IRS isn’t going to figure this out unless I report it. Most people just auto import those tax documents anyways so I’m pretty sure other folks probably do this without even realizing those losses should be disqualified when they buy and sell using multiple brokers.
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