Wash sale loss disallowed stock options

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A taxpayer cannot deduct the loss realized on the sale of stock or securities (including shares in a mutual fund) if the taxpayer purchases substantially identical stock or securities within the period beginning 30 days before and ending 30 days after the sale (Sec. For the wash-sale rules to apply, the stocks or securities must be substantially identical. In those states, using an in-law to avoid the wash-sale rules may be effective for only half of the loss.

Wash Sales 101 -

Taxes » Investment Taxes »i You decided to harvest some capital losses by selling some stocks that took a nose dive.

U. S. Code § 1091 - <strong>Loss</strong> from <strong>wash</strong> <strong>sales</strong> of <strong>stock</strong> or securities.

Wash-Sale Rules - AAII The American Association of Individual.

A capital loss on an investment can end up being deferred to a later date if an investor repurchases the same, or substantially identical, security within 30 days before or after selling at a loss.

Wash Sale Rule

In the case of any loss claimed to have been sustained from any sale or other disposition of shares of stock or securities where it appears that, within a period beginning 30 days before the date of such sale or disposition and ending 30 days after such date, the taxpayer has acquired (by purchase or by an exchange on which the entire amount of gain or loss was recognized by law), or has entered into a contract or option so to acquire, substantially identical stock or securities, then no deduction shall be allowed under section 165 unless the taxpayer is a dealer in stock or securities and the loss is sustained in a transaction made in the ordinary course of such business.


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