I own a Vanguard Fund in a taxable account that would produce a $6,000 loss if I redeemed it.
I still want to own that fund. What are the implications of redeeming and rebuying?
On the plus side I'd get to deduct $3,000 off my taxes for the next two years.
I don't think the wash rule applies, since I am selling at a loss.
It will create a new lowered basis for purposes of calculating capital gains taxes when I do liquidate my position. But my intent it to do that after I FIRE, when I am in the 10 or 15% tax bracket and my cap gains rate will be zero.
Am I missing anything here, because it looks like this is just free money on the sidewalk waiting for me to pick it up?
