Sentences with phrase «buy identical securities»

You then buy identical securities back at a later date, to return to the lender.

Not exact matches

Tax loss harvesting is a tax deferral strategy which involves selling a security currently running at a loss and buying a correlated asset in its place to provide almost identical exposure.

This mandate prohibits you from claiming a loss on the sale of a security if you buy a «substantially identical» security within 30 days before or after the sale.

Short selling (also known as shorting or going short) is the practice of selling assets, usually securities, that have been borrowed from a third party (usually a broker) with the intention of buying identical assets back at a later date to return to the lender.

The wash - sale rule states that your tax write - off will be disallowed if you buy the same security, a contract or option to buy the security, or a «substantially identical» security, within 30 days before or after the date you sold the loss - generating investment.

A wash sale occurs when you sell a security at a loss and you buy a «substantially identical» stock, security or option within 30 calendar days before or after this sale.

If you want the same security in the TFSA, you'll need to wait at least 30 days before repurchasing it in order to avoid the superficial loss rules, or buy a similar security (many ETFs serve an almost - identical asset class) or buy an entirely different new security.

You don't have a wash sale unless you buy substantially identical securities.

The wash sale rule prevents you from deducting a loss on a sale of stock if you buy substantially identical securities within the wash sale period.

If you buy the same or a substantially identical security within 30 days before or after you sold the losing stock, you aren't allowed to claim the tax loss.

The sale of stocks, bonds or mutual fund shares for a loss when, within 30 days before or after that sale, you buy the same or substantially identical securities.