Sentences with phrase «identical shares»

The wash sale rule is designed to prevent you from claiming a loss from selling shares that are replaced by substantially identical shares that are acquired about the same time.

The wash sale rule says you lose your deduction for stock sold at a loss if you buy identical shares within 30 days before or after the sale.

You have an obligation to return identical shares to the account from which you borrowed the shares.

An important part of the requirement is that brokers must apply the wash sale rule, which prevents you from claiming a loss on a sale of shares if you buy identical shares within 30 days before or after.

Here's how the rule applies to IRAs: In 2008 the IRS issued Revenue Ruling 2008 - 5, which explained that if you sell shares in a non-retirement account (e.g. a brokerage, bank or mutual fund account) and buy substantially identical shares in your IRA within that 61 - day period, you can't claim tax losses for the sale.

Some 73 % say this about gene editing, while an identical share says the same about synthetic blood; 74 % says this about brain chip implants.

You can not deduct the loss of $ 33 a share on the first block because within 30 days after the date of sale you bought 250 identical shares of X stock.

A loss realized on a sale or exchange of shares of a fund may be disallowed if other substantially identical shares are acquired (whether through the automatic reinvestment of dividends or otherwise) within a sixty - one (61) day period beginning thirty (30) days before and ending thirty (30) days after the date that the shares are disposed of.

Forty percent of respondents report that their mortgage or rent is a burden, and an identical share, particularly older individuals and those in larger locations, believe they need to put 15 percent or more down on a home.