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A “foggy legal landscape” is allowing a questionable practice to thrive, according to one analysis. rSnapshotPhotos / Shutterstock.com
When you sell an investment, you cannot claim a loss for tax purposes if you repurchase a substantially identical investment within 30 days. But investors have found a way around this law by using exchange-traded funds (ETFs) to essentially bilk the government out of billions of dollars of tax revenue, according to a recent analysis. Research from the University at Buffalo School of Management…
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