Wash sale rule

IRS rule prohibiting 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. also called 30-day wash rule.

Related Terms: 6 30-day wash rule, Call, Claim, Payer, Purchase, Tax

Other Related Pages: Category: Taxes Starting With: W

Additional Related Terms: 30-day wash rule, Allowance for depreciation, Accrual of discount, After-tax basis, Amortization of premium, At par, All or any part, At best, At call, Accumulated earnings tax