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If I sell most of the shares of a company I own, and then buy them back within the month is that a wash sale? Can I buy the shares back without a tax penalty?

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    You have to specify your jurisdiction. Are you in the US? – ChrisInEdmonton Nov 19 '18 at 17:50
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In the US, a wash sale occurs if you execute a closing trade for a loss and within 30 days before or after realizing the loss, you buy (or sell) a “substantially identical” stock, security, or option contract.

If you sell your shares for a gain, you may be liable for taxes. If you sell them for a loss, you may be able to deduct the loss and reduce your taxes. If you violate the 60 day window after a loss, some or all of that loss might be deferred until the shares in the additional purchase are disposed of.

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