If you sell shares for a loss, you can buy them back immediately, but if you don't wait a certain period of time, you are not supposed to be able to book them as a loss on your taxes that you could...
Type: Posts; User: sxminvestor
If you sell shares for a loss, you can buy them back immediately, but if you don't wait a certain period of time, you are not supposed to be able to book them as a loss on your taxes that you could...
Forget not buying because of that dam wash rule. Go ahead and make your $ and then deal with how you will book it when you do your taxes. In the end, it will hurt you and you can miss big upside...