Yahoo Finance: "Investors are exploiting a murky tax maneuver the IRS has yet to tackle"

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Yahoo Finance: "Investors are exploiting a murky tax maneuver the IRS has yet to tackle"

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!