Steve Ⓜ️
@stevebeachy
What is a crypto or securities wash sale ? 🤔 A wash sale happens when you sell a security at a loss and then buy the same security (or something very similar) within 30 days before or after that sale. This creates a 61-day window — if you repurchase within this timeframe, the wash sale rule kicks in, and the loss or tax deduction is disallowed.
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Silver Queen
@sq567
Very useful info Steve 👏 Thanks for sharing 🌹🫶
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