How to Avoid the Tax Trap of the Wash-Sale Rule

Commentary December 03, 2024 at 05:54 PM
Share & Print

What You Need To Know

  • The rule disallows capital losses if the same or a “substantially identical” security is repurchased within 30 days before or after the sale.
  • Tracking every sale and purchase to avoid triggering a wash sale is a complicated, error-prone task.
  • Tax optimization, once a specialized offering, has become a fundamental component of modern wealth management.
/contrib/content/uploads/sites/415/2023/09/06_Tax_Rates_Computer_Shutter_640x640.jpg