I've a number of companies that I'm 100% confident will recover when the Fed quits fucking around. They have weathered through similar downturns over decades and they can survive this one while other companies may very well fail. I don't want to sell them, but I also do not believe they'll recover within 60 days. So this is really a question of how to reduce taxation over many years.
Do I understand correctly, I can sell the stocks that are in the red. Move those funds into ETFs that have some exposure to the same companies, and hold for about 60 days, then repurchase my desired companies in whole, which will allow me to claim losses? The losses are far more $3000, but I can claim spread those losses for many, many years at -$3000 per year?
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