The wash sale rule is important when you are selling and rebuying stocks to offset losses.

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. Investors looking to write off ...

Harvesting market losses is a great way to lower your tax bill. But don’t violate this key rule Written By Written by Contributor, Buy Side Anna-Louise Jackson is a contributor to Buy Side and an ...

You can’t deduct a loss from the sale of stock or other securities if you acquire substantially identical stock or securities within 30 days before or 30 days after the sale. Whether stock or ...

In December 2022, I was quoted in an article in “Tax Notes” by Lee Sheppard to the effect that the wash sales rule in Internal Revenue Code (Code) Section 1091(a) (losses from wash sales of stock or ...

What is the wash-sale rule? Here's why crypto investors may soon have to track cost basis to avoid violating this tax law. House Democrats recently released details of their eagerly-awaited tax ...

What is the wash-sale rule? Investors cannot claim a tax loss on the sale of a security if they buy a “substantially identical” security within 30 days before or after the sale, as per the wash-sale ...

Recent tax acts don’t change trader tax status (TTS), Section 475 MTM accounting, wash-sale losses on securities, or the tax treatment on financial products, including futures (Section 1256 contracts) ...

With markets volatile over the past two years, many investors have been easing some of the pain via a century-old slice of the tax code that provides a generous benefit for losses. But increasingly, ...

intelliflo has introduced new wash sale detection capabilities to its redblack platform, aimed at helping financial advisors manage compliance with IRS rules while optimizing tax-sensitive rebalancing ...

The IRS wash-sale rule does not currently apply to cryptocurrency because the IRS considers virtual currencies to be property rather than securities. In general, a taxpayer who exchanges ...