Business, Legal & Accounting Glossary
IRS rule forbidding a taxpayer from claiming a loss on the sale of an investment if that same investment was purchased within 30 days before or after the sale date. The purpose of the rule is to discourage investors from selling at a loss just to get the tax benefit. also called 30-day wash sale rule.
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This glossary post was last updated: 19th November, 2021 | 0 Views.