Q: Hi, To my understanding regarding tax harvesting, if i sell X stock for a loss , sell Y Stock or ETF for profit to negate the loss and then buy back Y stock or ETF within 30 days period still i will be able to claim loss in my cash account. Please confirm. Thanks
5i Research Answer:
Yes; if X is sold and the loss is claimed, this can offset the declared gain on Y. Because a gain was declared on Y, there is no need to wait 30 days to re-buy Y. It is X that has the 30-day restriction.