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Finance Dictionary and Glossary of Investment Terms
wash sale rule
Definition 1.
IRS rule prohibiting a taxpayer from claiming a loss on the sale of an investment if that same investment was purchased within 30 days before or after the sale date. also called 30-day wash rule.
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Definition 2.
An IRS Rule prohibiting a taxpayer from claiming a loss on the sale of an investment when the same investment was purchased within 30 days before or after the sale date. Also know as the 30-Day Wash Sale Rule.
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