Comment on Tax loss harvesting opportunity - FY 2017/18

Sush commented on 28 Mar 2018, 01:23 AM

Hi Nothing,
On 27th March, I sold few shares as a part of tax loss harvesting. Can I buy same shares on 28th March with same quantity?
->Accordingly to “Wash rule”,if you sell stock for a loss and buy it back within 30 days before or after the loss-sale date, the loss cannot be immediately claimed for tax purposes.
Please clarify, whether to buy same share on very next day ( 28th March) or not?
Please reply as soon as possible
Thanks in advance

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