I IronFist Oct 18, 2006 #1 Can you own SPY and SSO at the same time? I mean they're both kinda the same thing... If you buy SPY and sell it at a loss, and then buy SSO less than 30 days after, does that count as a wash sale? They're similiar securities.
Can you own SPY and SSO at the same time? I mean they're both kinda the same thing... If you buy SPY and sell it at a loss, and then buy SSO less than 30 days after, does that count as a wash sale? They're similiar securities.
D Don Bright Oct 18, 2006 #2 Quote from IronFist: Can you own SPY and SSO at the same time? I mean they're both kinda the same thing... If you buy SPY and sell it at a loss, and then buy SSO less than 30 days after, does that count as a wash sale? They're similiar securities. More... I would guess you would be OK, they are different funds. Don
Quote from IronFist: Can you own SPY and SSO at the same time? I mean they're both kinda the same thing... If you buy SPY and sell it at a loss, and then buy SSO less than 30 days after, does that count as a wash sale? They're similiar securities. More... I would guess you would be OK, they are different funds. Don
B bubbrubb Oct 18, 2006 #3 I would expect the IRS to rule that if they are based on the same index, they are substantially identical. Otherwise I bet you're good.
I would expect the IRS to rule that if they are based on the same index, they are substantially identical. Otherwise I bet you're good.
