Author Topic: loss harvesting question - multiple accts  (Read 251 times)

EliteZags

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loss harvesting question - multiple accts
« on: May 22, 2023, 05:13:09 PM »
say I own 1000 shares of a stock in Webull with $12 cost basis
and also 1000 shares in Vanguard with $16 cost basis

stock is currently at $12, if I sell 100 shares from Vanguard do I get to harvest the full $400 loss from that cost basis?
(and alternatively would selling 100 shares from Webull just be break even?)

secondcor521

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Re: loss harvesting question - multiple accts
« Reply #1 on: May 22, 2023, 11:09:32 PM »
say I own 1000 shares of a stock in Webull with $12 cost basis
and also 1000 shares in Vanguard with $16 cost basis

stock is currently at $12, if I sell 100 shares from Vanguard do I get to harvest the full $400 loss from that cost basis?
(and alternatively would selling 100 shares from Webull just be break even?)

Assuming both sets of shares are in taxable accounts and you don't purchase any more shares of the stock in any of your accounts (including dividend reinvestments, if applicable) within the wash sale window (~30 days before and ~30 days after the sale), then yes, that's how it works.