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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16544344" data-attributes="member: 137766"><p>Wash Sale Adjustment. Learn something every day, had never been affected by this rule, so didn't realize it existed. Not a big deal, but now I know.</p><p></p><p><span style="font-size: 15px"><strong>KEY TAKEAWAYS</strong></span></p><ul> <li data-xf-list-type="ul">A wash sale occurs when an investor sells or trades a security at a loss, and within 30 days before or after, buys another one that is substantially similar.</li> <li data-xf-list-type="ul">It also happens if the individual sells the security at a loss, and their spouse or a company they control buys a substantially similar security within 30 days.</li> <li data-xf-list-type="ul">The wash-sale rule prevents taxpayers from deducting a <a href="https://www.investopedia.com/articles/financial-advisors/010716/how-avoid-violating-wash-sale-rules-when-realizing-tax-losses.asp" target="_blank">capital loss</a> on the sale against the capital gain</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16544344, member: 137766"] Wash Sale Adjustment. Learn something every day, had never been affected by this rule, so didn't realize it existed. Not a big deal, but now I know. [size=4][b]KEY TAKEAWAYS[/b][/size] [LIST] [*]A wash sale occurs when an investor sells or trades a security at a loss, and within 30 days before or after, buys another one that is substantially similar. [*]It also happens if the individual sells the security at a loss, and their spouse or a company they control buys a substantially similar security within 30 days. [*]The wash-sale rule prevents taxpayers from deducting a [URL='https://www.investopedia.com/articles/financial-advisors/010716/how-avoid-violating-wash-sale-rules-when-realizing-tax-losses.asp']capital loss[/URL] on the sale against the capital gain [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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