Sentences with phrase «identical security within»

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're allowed to do this, but if you repurchase the security or a substantially identical security within 30 days before or after the sale, including reinvested dividends or capital gains, the IRS disallows all or a portion of the capital loss.

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.

Not exact matches

Thus, it created the wash - sale rule, which prevents investors from claiming a loss on a security — or a «substantially identical» security — that they repurchase within 30 days before or after the sale.

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.

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.

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.»

It occurs when a tax payer sells stock or securities at a loss and reinvests in substantially identical stock or securities within 30 days, before or after the date of sale.

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.