Hi all, Just after some advice I'm aware or what share washing is, but just wondering if it would suit my situation. The few stocks I down own I am currently down a large amount on (40-50%). As tax time is not far away I am wondering would I benefit from washing? As in selling them off then instantly buying back? As from what I hear/understand this loss can then be deducted from my taxable income? The only disadvantage I can see is that since I have held these shares for just over a year they currently fall into the smaller capital gains tax bracket, where as if I wash and re buy I will have to wait a year until the new shares fall back into that bracket? Appreciate advice Cheers
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