Q: Greetings :) 
TAX LOSS SELLING: I have two separate investment accounts held with two different brokers. I want to sell my loss-making investment from account #1 and buy again in account #2. I understand that tax loss will only be allowed if I don't buy the same stock again within 30 days of the sale. Can I circumvent the 30 day rule by buying that stock in advance in account #2 BEFORE selling from account #1? Does the 30 day countdown commence only from the minute the sale is closed?
I hope that make sense.
Many thanks!
Arzoo
        
    TAX LOSS SELLING: I have two separate investment accounts held with two different brokers. I want to sell my loss-making investment from account #1 and buy again in account #2. I understand that tax loss will only be allowed if I don't buy the same stock again within 30 days of the sale. Can I circumvent the 30 day rule by buying that stock in advance in account #2 BEFORE selling from account #1? Does the 30 day countdown commence only from the minute the sale is closed?
I hope that make sense.
Many thanks!
Arzoo
 
                             
                             
                     
                                                                