4 ms·
In some jurisdictions (such as Australia), this is called a wash sale, and is illegal.
by chii 4y ago
In some jurisdictions (such as Australia), this is called a wash sale, and is illegal.
- ojbyrne 4y agoThe entire article is about wash sales, basically describing ways to circumvent the rules.
- merek 4y agoThe IRS will also reject the reported loss if it qualifies as a wash sale. > You cannot deduct losses from sales or trades of stock or securities in a wash sale unless the loss was incurred in the ordinary course of your business as a dealer in stock or securities. https://www.irs.gov/pub/irs-pdf/p550.pdf https://www.irs.gov/pub/irs-pdf/p550.pdf