wash sale
noun
: a sale and purchase of securities that produces no change of the beneficial owner
specifically
: a sale of securities within 30 days before or after the purchase of substantially identical securities
Note: Any loss from such a sale is not deductible for most taxpayers under the Internal Revenue Code.
Dictionary Entries Near wash sale
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“Wash sale.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/wash%20sale. Accessed 29 Nov. 2024.
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