LogFAQs > #937576077

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Menji
04/17/20 12:46:46 PM
#251:


Something to consider for everyone "day trading." If you're taking losses be aware if you buy it back within 30 days the loss gets disallowed for tax purposes (wash sale) which you may already know. But one thing I hadn't considered was my dividend option was defaulted to reinvest, so when that got paid out, it was reinvested, and I lost that amount of losses.

So I've turned reinvesting off for a lot of the ones I'm buying/selling often.

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