Hello Redditors,
It's that time of year again for port rebalancing. Looking for some clarification on the wash sale rule, and the best way to approach this scenario:
Unfortunately, I'm currently at $30k loss on ENPH. I have ITM CCs $95 expiring Dec 29. I'm looking to offset $20k gains this year by letting my ENPH CC get called away; however, I do think that ENPH will (is?) making a recovery. If I let my CCs get called away and realize the $30k loss for tax year 2023, and buy back into ENPH first week of January 2024, I can still report the $30k loss on tax year 2023, right? The wash sale would then apply to tax year 2024? But then if I expect ENPH to recover in 2024 with the Feds decreasing interest rates, then the wash sale wouldn't be relevant? Also does the wash sale only apply for the year it was made, or the entire time I hold the lot?
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