Search found 7 matches

by anonymoustycoon
Sat Jul 07, 2018 11:34 pm
Forum: Personal Investments
Topic: In what order should I sell tax lots during rebalancing?
Replies: 6
Views: 1020

Re: In what order should I sell tax lots during rebalancing?

jacoavlu wrote: Sat Jul 07, 2018 9:34 pm Depends on your tax situation now, and in the future.
Thanks, these are important variables that I didn't consider (i.e. current vs. future tax rates and the gains already realized this tax year). So I guess the question is too open-ended to have a specific answer that always works for everyone.
by anonymoustycoon
Sat Jul 07, 2018 8:13 pm
Forum: Personal Investments
Topic: In what order should I sell tax lots during rebalancing?
Replies: 6
Views: 1020

Re: In what order should I sell tax lots during rebalancing?

drk wrote: Sat Jul 07, 2018 8:02 pm It depends on when you purchased lots C and D. If you bought lot D in the last 30 days, you'll have to sell it if you want to avoid a wash sale when selling C for a loss.
Good point. I'm going to update the question to state that C and D have been held longer than 30 days.
by anonymoustycoon
Sat Jul 07, 2018 7:42 pm
Forum: Personal Investments
Topic: In what order should I sell tax lots during rebalancing?
Replies: 6
Views: 1020

In what order should I sell tax lots during rebalancing?

Say I own an ETF whose asset class is overrepresented in my portfolio. I want to sell some of its shares to bring my portfolio closer to my desired asset allocation. Say I purchased the ETF in 4 tax lots, A, B, C and D, with cost bases of $80, $90, $110 and $120 respectively. Say the ETF is currentl...
by anonymoustycoon
Tue Jun 05, 2018 12:25 pm
Forum: Personal Investments
Topic: Why do I have a wash sale disallowance?
Replies: 12
Views: 1936

Re: Why do I have a wash sale disallowance?

I am not the OP but I would also like to thank those who responded as I also misunderstood the wash sale rule. Yeah, this is way more complicated than I thought it was. And to explicitly answer this paragraph. The $157 disallowance was already used and should have been deducted from your 2017 incom...
by anonymoustycoon
Mon Jun 04, 2018 11:13 pm
Forum: Personal Investments
Topic: Why do I have a wash sale disallowance?
Replies: 12
Views: 1936

Re: Why do I have a wash sale disallowance?

The 63 shares purchased on 11/16 were considered replacement shares for 63 of the shares purchased on 9/22, which were sold less than 30 days after the replacement shares were purchased. The amount disallowed was therefore (63/136) * (1,158.24 - 819.33) = 157.00. If you paid 6.25/sh on 11/16, then,...
by anonymoustycoon
Mon Jun 04, 2018 1:04 am
Forum: Personal Investments
Topic: Why do I have a wash sale disallowance?
Replies: 12
Views: 1936

Why do I have a wash sale disallowance?

Hi! I have a very specific question about wash sale rules. I'm trying to figure out why I have a wash sale disallowance on some trades that my investment advisory firm placed for me. Here's a list of tax lots for the stock (S - Sprint) as reported by my brokerage firm: Quantity Opening Date Opening ...
by anonymoustycoon
Sat Jun 02, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 46
Views: 13939

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

StlJohn wrote: Tue Feb 20, 2018 9:19 pm User beware. This whole event calls into question the privacy of all of your financial information--any user IDs and passwords you may have shared with Personal Capital may not be protected.
Any updates since then StlJohn?