What are Wash Sales?
10/26/2022
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A wash sale is a transaction where an investor sells an asset at a loss and then repurchases the same or a “substantially identical” asset
A wash sale is a transaction where an investor sells an asset at a loss and then repurchases the same or a “substantially identical” asset
A wash sale is when an investor sells a security at a loss and then buys the same or substantially similar security within 30 days.
The IRS defines a wash sale as “a sale of a security at a loss and the purchase of a substantially identical security 30 days
