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Results tagged with wash-sale
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user 25282
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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What is the purpose of the wash sale rule?
In a comment on this answer you asked
It's not clear to me why the ability to defer the gains would matter (since you never materially benefit until you actually sell) but the estate step up in b …
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