Wash sale

Wash Sales
If you sold any stock, bonds, or stock options at a loss and then purchased substantially identical securities within 30 days before or after the sale, the loss on the sale will not be deductible.

wash sale
Dictionary: wash sale
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The wash sale rule is a law preventing a person from repurchasing a stock that he or she has just sold or from purchasing a stock and then selling it right away.

Wash Sale
A wash sale occurs if stock or securities are sold at a LOSS and the seller acquires substantially identical stock or SECURITIES 30 days before or after the sale.

Wash Sale
When an investor buys substantially identical securities as those he sold within the last or next 30 days, the sale of these securities can not be used as a realized loss for income tax purposes.

Wash Sale
Transactions that give the appearance of purchases and sales but which are initiated without the intent to make a bona fide transaction and which generally do not result in any actual change in ownership.

Wash sale
When you purchase and then sell or sell and then repurchase the same security or a substantially similar security within 30 days, the double transaction is called a wash sale.

Wash Sale
1: A security that is bought or sold, either concurrently or within a short period of time, to create artificial market activity to profit from a rise in the security's price.

Wash Sale - An illegal transaction an investor makes by simultaneously buying and selling a security through two different brokers, thereby creating the illusion of activity.

Wash sale
When shares of a fund are exchanged or redeemed at a loss and shares of the same fund are repurchased within the 61-day period beginning 30 days before and ending 30 days after the redemption or exchange.

WASH SALE " A sale of securities at a loss with the subsequent disallowance of the loss by the IRS.

Wash Sale. A tax term describing the sale of stock or securities and the purchase of identical securities within 30 days before or after the sale. For tax purposes, any losses on the transaction are disregarded.

Wash sale. 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 law forbids the deduction of the loss.

Wash sale
Purchase and sale of a security either simultaneously or within a short period of time, often in order to recognize a tax loss without altering one's position. See: Tax selling.
Weighted average Coupon ...

wash sale rules: A rule for the purchase and sale of a security with a loss restricting an investor from deducting the loss on a security if repurchased within 30 days.

The wash sale
If you sold any of your stock holdings at a loss as 2008 wound down, you will be able to utilize that capital loss to offset part of your taxable income.

Wash Sale - Is the sale of a security or instrument and the subsequent purchase with no economic interest. It can be motivated by tax or reporting purposes. It is generally deemed to be a sham transaction.

Wash sale
When shares of a fund or stock or exchanged or redeemed at a loss and shares of the same (or substantially similar) asset are repurchased within 30 days before or after the original asset's sale.

Wash sale
Used in the context of general equities. Purchase and sale of a security either simultaneously or within a short period of time, often done with the intention of recognizing a tax loss without altering ones position. See: tax selling.

Wash sales
"Wash sale" rules apply to mutual funds. If you sell shares at a loss, you can't claim the loss if you purchased other shares in the same fund within 30 days before or after the sale.
Tax-Free Funds
Defining the tax exemption ...

See: Wash sale. Tax shelter Legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets.

See: wash sale. Tax swap Swapping two similar bonds to receive a tax benefit. Tax-timing option The option to sell an asset and claim a loss for tax purposes or not sell the asset and defer the capital gains tax.

wash sale rule The IRS regulation that prohibits a taxpayer from claiming a loss on the sale of an investment if that same investment is purchased within 30 days before or after the sale.

Wash Sales
A process in which simultaneous purchases and sales are made in the same commodity futures contract, on the same exchange, and in the same m...(Read more)
Wasting Asset ...

Gains equal losses.
Wash sale
Purchase and sale of a security either simultaneously or within a short period of time, often in order to recognize a tax loss without altering one's position. See: Tax selling.
Wasting asset ...

(The examiner should use an analysis similar to the one shown above for car wash sales.) ...

Selling of securities to realize losses that will offset capital gains and reduce tax liability. See: Wash sale.
Tax shelter
Legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets.

Wash - Purchase and sale of the same security either simultaneously or within a short period of time. Wash sales taking place within 30 days of the underlying purchase do not qualify as tax losses.

Matching orders: A prohibited practice similar to a wash sale but involving two or more firms trading a security back and forth at the same price in an attempt to show more trading volume than is actually occurring.

Tax selling
Selling of securities to realize losses that will offset capital gains and reduce tax liability. See: Wash sale.

You'll want a brokerage that itemizes all the income and losses that are associated with your account. These include dividends, interest, and short and long term capital gains. Most importantly, your brokerage should include "wash sales" in their ...

See also 1099, 401(k) plan, amended return, audit, backup withholding, deficiency, determination letter, imputed interest, itemized deduction, over-55 home sale exemption, revenue ruling, standard mileage rate, wash sale rule.

Instead of doing nothing, the investor can buy at $10, then sell the $20 shares at a capital loss, which can be used at tax time to offset other gains. However, the wash sale rule says that in order to claim the capital loss, ...

See also: Expense, Bills, Values, Withholding, Cash value