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Results tagged with wash-sale
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user 13583
A wash sale is a sale of a security at a loss and repurchasing the same or substantially identical stock shortly before or after with the intention of realizing the loss as a claimable tax deduction but still reaping gains if the security's price recovers.
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Does selling shares within 30 days of purchase count as a wash sale?
Quoting IRS publication 550,
A wash sale occurs when you sell or trade stock or securities at a
loss and within 30 days before or after the sale you:
Buy substantially identical stock or …
- 366