Personal Investments • Practicality of holding same fund in Roth and taxable

Hello,

I hold a fund in taxable that I would also like to hold in Roth (exact same fund). I invest once monthly and my Roth contribution in January is about equal to my monthly taxable contribution, so it is made in lieu of taxable contribution.

Am I correct in assuming that, as long as substitute my monthly taxable purchase of this fund in January for my purchase in Roth, and do not purchase or sell this fund in taxable (or make changes in Roth) for 31 days after January Roth purchase, nor purchase this fund in Roth if I tax loss harvested it in December, I can use this strategy and still have the opportunity to tax loss harvest the fund in taxable during the remainder of the year? Does anyone else do this?

Note: if this is riskier than I am foreseeing, the alternative is to hold the same fund in Roth as I do in HSA, which is same asset class but different fund. However, if I don't TLH, I would prefer to hold more of the taxable fund than the HSA fund, hence wanting to hold in Roth. I have yet to find a good enough opportunity to TLH in reality.

Thanks.

Statistics: Posted by breakfastinbed — Wed Aug 14, 2024 9:44 am — Replies 3 — Views 188

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