Yahoo Finance: “Investors are exploiting a murky tax maneuver the IRS has yet to tackle”
By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek Research:
.... "In lieu of meaningful guidance, many advisory firms seem to have found a clever loophole: buy someone else’s version of an index fund or ETF, or go ETF to mutual fund.
According to a note from Datatrek Research, “This has become a common practice in the last decade, even with (or perhaps because of) murky Internal Revenue Service guidance around wash sales"....
Read the full article here on Yahoo Finance!
