wash sale (Meaning)
Webster
wash sale ()
A sale made in washing. See Washing, n., 3, above.
Synonyms & Antonyms of wash sale
No Synonyms and anytonyms found
wash sale Sentence Examples
- Investors should be aware of the tax implications of a wash sale.
- A wash sale occurs when a taxpayer sells a stock and buys the same or substantially identical stock within 30 days.
- The loss from a wash sale is disallowed for tax purposes.
- The holding period for the replacement shares in a wash sale begins on the date of purchase, not the date of the original sale.
- Wash sales can be used to lock in losses for tax purposes.
- However, wash sales can also result in the loss of a potential gain.
- Investors should carefully weigh the risks and benefits of wash sales before making a decision.
- The wash sale rule applies to both individual and corporate taxpayers.
- The IRS closely scrutinizes wash sales to prevent tax avoidance.
- Investors who are considering a wash sale should consult with a tax advisor.
FAQs About the word wash sale
A sale made in washing. See Washing, n., 3, above.
No synonyms found.
No antonyms found.
Investors should be aware of the tax implications of a wash sale.
A wash sale occurs when a taxpayer sells a stock and buys the same or substantially identical stock within 30 days.
The loss from a wash sale is disallowed for tax purposes.
The holding period for the replacement shares in a wash sale begins on the date of purchase, not the date of the original sale.
