Be aware of the wash sale rule enforced by the IRS. The rule is important for investors reassessing their market positions and looking to sell and repurchase declining stocks to offset losses.
The wash sale rule applies to stocks, contracts, options, and all other types of securities and trading. A wash sale occurs when an investor purchases a security 30 days before or 30 days after ...
There are legitimate ways to avoid the impact of the Wash Sale Rule. For example, an investor buys 100 shares of XYZ technology stock on Nov. 1 for $10,000. On December 15, the value of the 100 ...
The 30-Day Wash Sale Rule To prevent investors from abusing ... As the tax-loss selling season approaches, keep a close eye on these energy stocks and others that may have underperformed.
Few taxpayers were interested in or needed to know the “wash sale” rules, until recently. When stock prices rose steadily, the wash sale rules didn’t come into play. The rules matter only ...