I started trading SPY earlier this year and lost substancial money. Then took a break, learned whetever I could and started again beginning Dec this year. I recovered most of the loss but I think I might be left with around 2 to 3K loss by end of this earlier. Beginning 2009, I am planning to switch to ES e-mini. Both SPY and ES e-mini future contract are related to S&P 500. I want to know if wash sale rule will be applicable in this case ? Will really appreciate your help.. Thanks, Kumar
No. SPY is an ETF. ETFs of ANY kind are treated as stocks for IRS purposes. ES is a section 1256 (futures) contract.