I’m a dummy, and have an account that I started to learn how to trade. As it sits, I’m down a little over $1k, and I have a realized profit of $450, some from selling options, some from realizing some gains. I could sell some positions that are down and then buy into some similar etfs, say move from QQQ to VOO. This would avoid the wash rule because the investment is not the same, I would erase my gains and get a deduction instead of getting taxed, thus saving the tax bill and keeping my positions. Do I understand this correctly? Realize the loss to avoid taxes on the gains? I’m such a dummy and need to do more research, just wanted some other people to point out how dumb I am. Thanks.
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