Investment Taxes
Wash-Sale Rule
An IRS rule that disallows a capital loss deduction if you buy a "substantially identical" security within 30 days before or after the sale. The disallowed loss is added to the cost basis of the replacement shares.
Investment Taxes
An IRS rule that disallows a capital loss deduction if you buy a "substantially identical" security within 30 days before or after the sale. The disallowed loss is added to the cost basis of the replacement shares.