CoPilot on MS Edge- MTA To avoid wash sales, consider these...

CoPilot on MS Edge-
MTA

To avoid wash sales, consider these strategies:

1. Time Gap: Wait at least 31 days before repurchasing a similar asset after selling it at a loss. This ensures you’re not caught in a wash sale.

2. Different Assets: Invest in assets that are not substantially identical. For example, if you sell shares of Company A, consider buying shares of Company B instead.

3. Tax-Loss Harvesting: Use tax-loss harvesting to offset gains. Sell losing investments to offset capital gains and reduce your tax liability. Just be mindful of the 30-day rule.

4. Track Transactions: Keep meticulous records of your trades. This helps you identify potential wash sales and adjust your strategy accordingly.

Remember, consult a tax professional for personalized advice based on your specific situation.