What is the 'Wash-Sale Rule' http://www.investo
Post# of 75003
Posted On: 10/24/2016 2:09:33 PM
What is the 'Wash-Sale Rule'
http://www.investopedia.com/terms/w/washsalerule.asp
An Internal Revenue Service (IRS) rule that prohibits a taxpayer from claiming a loss on the sale or trade of a security in a wash sale. The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss, and within 30 days before or after this sale, buys a “substantially identical” stock or security, or acquires a contract or option to do so. A wash sale also results if an individual sells a security, and the spouse or a company controlled by the individual buys a substantially equivalent security.
http://www.investopedia.com/terms/w/washsalerule.asp
An Internal Revenue Service (IRS) rule that prohibits a taxpayer from claiming a loss on the sale or trade of a security in a wash sale. The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss, and within 30 days before or after this sale, buys a “substantially identical” stock or security, or acquires a contract or option to do so. A wash sale also results if an individual sells a security, and the spouse or a company controlled by the individual buys a substantially equivalent security.
(0)
(0)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
Scroll down for more posts ▼