Sentences with phrase «identical securities»

In general you have a wash sale if you sell stock at a loss, and buy substantially identical securities within 30 days before or after the sale.

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.

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

This strategy is thus exempt from the wash sale rule, as it only applies to sales and purchases of identical securities.

After reading some more I have found that wash sales apply to substantially identical securities which is the case here.

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

a sale of a security (stocks, bonds, options) at a loss and repurchase of the same or substantially identical security shortly before or after

The tax regulations say that if two different stocks are linked together in such a way that any change in the price of one will be reflected in the price of another, they're likely to be treated as substantially identical securities for purposes of the wash sale rule.

Therefore, to maintain exposure when taking a loss, a tax swap, a similar but not identical security, can serve as a placeholder to maintain your exposure to the asset class for 30 days.

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.

To comply with the IRS «wash sale» rule, which does not recognize a tax loss generated from the sale and repurchase within 30 days of the same or substantially identical security, investors should choose a bond from a different issuer.

The Internal Revenue Service will not recognize a tax loss generated from the sale and repurchase within 30 days before or after the trade or settlement date of the same or a substantially identical security — typically called a «wash sale.»

Ensure all purchases of the identical security settle outside of this 61 - day period (unless you plan on selling the shares before the end of the 61 - day period).

Purchasing what the IRS views as a substantially identical security to replace the harvested loss would violate the IRS Wash - Sale rule, disqualifying the loss.

At some time in the future, the investor hopes to buy an identical security at a lower price and return it to the lender, hoping to profit from any difference between the price it was bought and the price it was sold.