Wash Sale
A sale of securities at a loss followed by purchase of substantially identical securities within 30 days before or after the sale. The IRS disallows the loss deduction, adding it to the basis of the replacement securities instead.
A sale of securities at a loss followed by purchase of substantially identical securities within 30 days before or after the sale. The IRS disallows the loss deduction, adding it to the basis of the replacement securities instead.