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Results tagged with wash-sale
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user 62133
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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Wash Sales and Day Trading
Great question! It can be a confusing for sure -- but here's a great example I've adapted to your scenario:
As a Day Trader, you buy 100 shares of LMNO at $100, then after a large drop the same day, …
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