I routinely sell my RSUs as soon as they vest, but this previous vesting period -- I did not. Sadly, the stock declined ~25 percent since that time.
Some key notes.
This would be a short-term sale for RSUs that vested this a few months back.
I still have stock in the company through ESPP shares, that I do not plan to sell.
I will still have more RSUs, but the next vesting period is several months away.
I was thinking of buying a similar stock (i.e. same sector/industry, but different company), but it's my understanding that does not qualify as "similar security" for tax purposes...?
After all of my total losses/gains are calculated for the year (for sold stock), I think this would come out to approximately $20K-30K in losses.
Is there any reason not to take advantage of tax loss harvesting?
Is there any issues with tax loss harvesting when it comes to RSUs?
I believe it's only possibly to use $3000 in losses for each tax year. Is it possible to carry this forward for the next 8-10 years?
Thanks in advance.