Replies to post #324351 on Fannie Mae-No Politics (FNMA)

[not one red cent ~NORC~]

I guess the definition of "it works" is in question.

I think most brokers are going to report the swap as a wash because the 2 companies are substantially identical.

There may be some brokers that overlook it or miss it, but I doubt it.

Some people will only report the sale/loss when doing their taxes, even if the broker reports it as a wash. Perhaps the IRS will miss it or overlook it, but also doubtful.

I think the best "trick" is having different accounts or even different brokers. The idea being the sale and then the purchase wont trigger a wash alert because they didn't take place in the same account.