If your income lands in the zero-percent long-term capital gains band, you can sell winners and rebuy them the same day, paying no tax and resetting your cost basis higher.
See how it works through one simple example.
Below a certain taxable income, long-term capital gains are taxed at zero percent.
You sell appreciated shares inside that band, owe nothing, then buy them right back the same day.
Your cost basis resets to today's higher price, so every future gain is measured from that higher, tax-free baseline.
Educational guidance, not tax advice. We confirm every figure and your eligibility before you act.
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The honest version.
Gains are not subject to the wash-sale rule, so you can repurchase immediately and keep your position.
Filers with lower taxable income for the year. Early retirees and gap years often qualify.
It raises your cost basis tax-free, shrinking the taxable gain when you eventually sell.
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