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A wash sale is when you sell an asset, such as a stock or bond, for a loss but have purchased the same asset or a very similar one within 30 days before or after the sale.
Wash sale rules don't apply when stock is sold at a profit. [4] A related term, tax-loss harvesting is "selling an investment at a loss with the intention of ultimately repurchasing the same investment after the IRS's 30 day window on wash sales has expired".
To avoid the wash-sale rule, you cannot buy the same stock for 30 calendar days before and after the day you sell. The day on which you sell is not counted as one of the 30 calendar days.
[1] [2] The effectiveness of this approach is dependant of the tax rules in a particular jurisdiction. In the United States CBS News describes tax loss harvesting specifically as "selling an investment at a loss with the intention of ultimately repurchasing the same investment after the IRS's 30 day window on wash sales has expired." This ...
Extended-hours trading (or electronic trading hours, ETH) is stock trading that happens either before or after the trading day regular trading hours (RTH) of a stock exchange, i.e., pre-market trading or after-hours trading. [1] After-hours trading is the name for buying and selling of securities when the major markets are closed. [2]
“The 30/30 rule can help curb impulse spending because it forces you to stop and think about whether you will get real use out of a purchase and if it’s worth the cost,” said Mark Henry ...
The company was conceived as DBC Online by Data Broadcasting Corporation in the fall of 1995. [2] The marketwatch.com domain name was registered on July 30, 1997. [3] The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News, then run by Larry Kramer [2] and co-founder and chairman, Derek Reisfield. [4]
The ruling is a win for the U.S. Chamber of Commerce, the top business lobbying group that had sued to block the rule adopted earlier this year by the SEC on a 3-2 vote. Judges for the U.S.