Wash Sale Question:
Let's say that I bought $5,000 of VTI one week ago, but in my overall portfolio, my position in VTI has a total loss of $25,000. If I were to sell all of my VTI shares today, I realize I have a wash sale because I purchased $5,000 of the same VTI just two weeks ago but would I still be able to claim a loss of $20,000? ($25,000 loss minus the $5,000 recently purchased) Or how exactly does that work? Is it best just to wait a full 31 days and hope it keeps going down?
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