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.
5 replies
2 recasts
4 reactions
Yana 🎩 🔵 Ⓜ️
@yana2203
Thanks for useful info, Steve
0 reply
1 recast
1 reaction