Comment on Tax loss harvesting opportunity for fiscal year (FY) 2021-22
commented on
23 Mar 2023, 10:53 AM
For adjusting the Tax loss harvesting – to reduce my STCG
Dear Team,
I have 50 shares of company X at Rs 600 (Purchase price) which incurred a loss of 13K
The current price is 258
For Tax loss Harvesting I sold my 50 shares, Should I buy the same share again on the same day or I can buy a different share at a different price on the same day?
I can see this line on your page – https://support.zerodha.com/category/console/reports/articles/what-is-tax-loss-harvesting “Tax-loss harvesting is a practice of selling a security that has incurred a loss to help investors reduce or offset taxes on any capital gains income subject to taxation. This practice is accomplished by harvesting the loss. The sold security can be bought back or replaced by a similar one.”
Was confused by this line “The sold security can be bought back or replaced by a similar one” –
Should the price be similar for a different stock or we should buy the same stock again after selling ??