Wheelie.

Nice to see you here..Yes,that solution will work well for not missing out on a run up..

But one must track and be able to produce the transaction record for the correct amount on the dates claiming the losses..

As you well know shares in an account are averaged over different buy dates ,and one must produce the correct transaction records for the shares claimed..

I will expand my thoughts for others..If you have an account with 100,000 shares bought on different days and at different prices and you only want to claim the expensive shares,say 40,000,then you must produce the transaction record for the correct amount and ,the 40K shares which you will take your tax loss on leaving 60k cheepies in the account.

Other wise the total 100k can be sold and claimed at the average price on the deemed sell dates.

And there is no wait time IF you purchase the same shares first..you can sell the old shares right away and claim the tax loss..

The 30 day rule only apply s if you sell first..then you must wait the 30 day to buy back the same shares ,but you must produce the transaction records for the shares and dates bought and sold,...

Been there done that..

Welcome aboard...jump in and enjoy yourself.

Portee