How do you all invest in vanguard, wealthfront, betterment, robinhood, 401k without triggering wash sale rule?
Jan 14, 2018
7 Comments
New to investing and curious how you all deal with wash sale rule (in anticipation of tax season)?
I currently have most of money invested in wealthfront with TLH and DI turned on. Due to DI, wealthfront buys and sells individual stocks too.
Now, I also like to buy some individual stocks via robinhood (rarely) if I think they are interesting.
Additionally, I am also sometimes buying VTI separately through vanguard and also have employer 401k.
Now I know that all these platforms are linked to turbotax for automated tax doc imports.
Do I need to manually investigate my claimed losses in my final tax report to make sure I dont have any potential wash sales?
Sounds like a pain in the A :(
comments
That’s what I do. YUUGE time saver.
Which is why I just invest in vanguard directly and skip the robo advisor, then there is no issue and your advice is easy to follow.