Basically, a “successor position” is a new straddle position that is acquired within 30 days before, or 30 days after, the original position was disposed of at a loss and that replaces that original ...

You can’t deduct a loss from the sale of stock or other securities if you acquire substantially identical stock or securities within 30 days before or 30 days after the sale. Whether stock or ...

What is the wash-sale rule? Investors cannot claim a tax loss on the sale of a security if they buy a “substantially identical” security within 30 days before or after the sale, as per the wash-sale ...

Harvesting market losses is a great way to lower your tax bill. But don’t violate this key rule Written By Written by Contributor, Buy Side Anna-Louise Jackson is a contributor to Buy Side and an ...

If this election is made, the straddle will not be subject to the loss deferral and wash sale rules discussed in Q 7599.Instead, any loss with respect to a position in the straddle (including the IRC ...

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. Few taxpayers were interested in or needed to know the “wash sale” rules ...

Heavy traders may assume they’ll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule. At the height of the pandemic born meme stock boom in ...

Home Taxes Capital Gains Tax Cryptocurrency and the Wash Sale Rule: A Tax Loophole That May Soon Go Away For now, cryptocurrency investors don’t have to worry about the wash sale rule. But the days of ...

One of the nice things about the U.S. tax code is that if one of your investments ends up in the red, you can sell it at a loss and reduce your taxable income. Just be careful not to repurchase the ...

Selling losing investments to offset capital gains can be a great way to lower your tax bill. But be careful you don’t violate the Internal Revenue Service’s “wash sale” rule. As an investor, any time ...