Fletch, I was refering to the wash rule for stocks that allows you to replace your holding at current market price and write off the loss of what you bought at higher prices on your taxes.
You still end up owning the exact same number of shares but get to deduct the loss based on your higher cost. Socialize losses, privatize profits.
There are people that have held shares for years that dont know they can do this.
There is no legitimate way to deduct losses on a personal residence.
