No. of Recommendations: 3
And, basically, what they’re doing is realizing gains to ensure that they get over that hump. That, in my opinion, is the main reason why we see them selling off Apple and Bank of America.”
If this was it, couldn't they just sell the stock to realize the gain and then immediately rebuy it to keep their position? I think that is the opposite of a wash sale. Wash sales are prohibited because they reduce the current taxes paid, whereas this inverse wash sale is so we can move up the deferred taxes until now.
So if they are selling positions and they stay sold, I'm pretty sure that proves it is not just to rejigger AMT vs regular corporate taxation.
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