As brokers and investors are all too aware by now, IRS Form 1099-B, on which brokerage transactions are reported, has a new look this year. “With respect to the cost basis shown on trades, clients are ...
The wash sale rule is an IRS-enforced rule stating that, in order to realize a taxable loss, U.S. investors cannot sell an investment for a loss and repurchase the same investment for 30 days.
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