30-Day Wash Rule

Business, Legal & Accounting Glossary

Definition: 30-Day Wash Rule


30-Day Wash Rule


Full Definition of 30-Day Wash Rule


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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30-Day Wash Rule. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/30-day-wash-rule/.
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30-Day Wash Rule. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/30-day-wash-rule/ (accessed: December 02, 2021).
American Psychological Association (APA):
30-Day Wash Rule. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/30-day-wash-rule/

Definition Sources


Definitions for 30-Day Wash Rule are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.