Wash Sales

If you sell a stock for a loss, and then buy a substantially identical stock within 30 calendar days, you’ve executed a wash sale. You’ve also executed a wash sale if you bought the substantially identical stock within 30 days before you sold. The IRS prohibits taxpayers from claiming losses from wash sales for tax purposes.

You can find your total wash sales for the year in Box 1G on your 1099 tax document.

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