With the big market drops, I'm thinking of doing some tax loss harvesting. I've never done this before, so want to make sure I do it right... I'm on Fidelity if it matters.
I have a self managed portfolio of ITOT (S&P 500 index), IXUS (Intl index), IYR (REIT index), and AGG (bond index).
IXUS has taken a beating this year, so I'm planning on selling the lots with a loss, and replacing it with VXUS.
Should I also realize some gains (e.g., sell ITOT for VTI) so that I have some actual capital gains to offset? Or should I just use the losses to offset the taxes on my wages?
Other than the wash rule, anything else I need to be aware of?