IRS rule forbidding a taxpayer from claiming a loss on the sale of an investment if that same investment was purchased within 30 days before or after the sale date. The purpose of the rule is to discourage investors from selling at a loss just to get the tax benefit. also called 30-day wash sale rule.
Related information about 30-day wash rule:
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Definition of 30-day wash rule: IRS rule forbidding a taxpayer from claiming a loss on the sale of an investment if that same investment was purchased within 30 ...
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Feb 8, 2012 ... Think twice before buying more shares of a stock you just sold at a loss. If 30 days haven't passed, your tax loss will be disallowed. Here's the ...
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The 30 day wash rule exists to prevent investors from taking tax deductions on ... The 30 day wash rule should not be confused with wash trading, which is a ...
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IRS rule stating that losses on a sale of stock may not be used as tax shelter if equivalent stock is purchased 30 days or less before or after the sale of the stock.
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What is 30-day Wash Rule? Find out right now with a helpful definition and links related to 30-day Wash Rule.
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30-Day Wash Rule: IRS law forbidding the sale of a security in December and repurchase the following January for the purpose of declaring a year-end loss to ...
- wash sale: Definition from Answers.com
The effectiveness of this strategy has been greatly diminished with the implementation of the IRS 30-day wash rule, where a taxpayer cannot recognize a loss on ...
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The effectiveness of this strategy has been greatly diminished with the implementation of the IRS 30-day wash rule, where a taxpayer cannot recognize a loss on ...