Tomorrow, Monday, December 1, 2025 is the first day I can buy back stocks that I sold for a loss on October 29, 2025 or sell for a loss that I bought on October 29, 2025 to avoid a wash sale. In all but one case, I will own the stock at a lower cost than when I sold or purchased.
By doing this, I take a capital gain loss for 2025 and lower my cost basis when I own the stocks again. I started doing tax loss harvesting with my municipal bond mutual fund back in August 2025. Completing this final round of tax loss harvesting with reduce my overall 2025 capital gains to about $0, resulting in no tax for gains take in early 2025.
This is not financial nor tax advice. Please consult a professional advisor.
Copyright © 2025 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
No comments:
Post a Comment