Hello,
I am investing in ETFs long term.
I want to do a wash trade on an ETF position. The capital gains on this would be higher than the 50% of my net income, so it would violate one of the 5 safe haven rules.
My investment profile: I hold 3 ETFs: 2 MSCI World and 1 NASDAQ 100. I also have 10% leverage as margin loan, to increase my exposure.
Canton: Solothurn
I want to do a wash trade on 1 of the ETFs, but the capital gains would be higher than 50% of my net income.
Reason for wash trade: I started buying the ETF in 2019 in an EU country on special tax break accounts. Since then the broker has been bought by another broker, so the investments were transferred, then I transferred the investments to IBKR, then I ended my foreign tax break accounts and transferred the positions to my main IBKR account. Needless to say keeping track of entry prices of these positions from a tax perspective is a nightmare.
I want clean slates and I also want to make use of 0 capital gains tax to reset my tax base for these positions.
I am wondering if this trade would risk me being reclassified as a professional investor.
I have a 80% job, I put money into my broker every month and never withdraw any money, other than the wash trade I just buy my ETFs with some extra margin.
Am I safe to proceed with the wash trade without needing to worry being reclassified as professional?