Sentences with phrase «substantially identical securities»

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.

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.

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

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.

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

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

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.

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.

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 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.»

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.

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.

Although some substitutions are clearly allowable, others may come closer to the IRS interpretation of what constitutes a «substantially identical» security.

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.

While the term «substantially identical» has not been explicitly defined in this context, two bonds have generally not been considered substantially identical if (1) the securities have different issuers, or (2) there are substantial differences in either maturity or coupon rate.

His expertise was requested on the question of when different securities, and in particular, different ETFs, might be considered substantially identical for purposes of the wash sale rule.

For example, in a reorganization, the stocks and securities of the predecessor and successor corporations may be substantially identical.

In determining whether stock or securities are substantially identical, you must consider all the facts and circumstances in your particular case.

Ordinarily, stocks or securities of one corporation are not considered substantially identical to stocks or securities of another corporation.

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.