Posted on Jan 14, 2023
Selling and Rebuying Stocks? Beware the Wash Sale Rule
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Kiplinger article reminding investors about tax rules for short-term stock trading.
Selling and Rebuying Stocks? Beware the Wash Sale Rule
Posted from kiplinger.com
IRS
Stock Market
Stock Trading
Posted 2 y ago
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The Wash Sale Rule is definitely something to keep in mind if you're trading stocks frequently. I learned about it the hard way when I tried selling a stock to claim a loss, only to realize I bought it back too soon. My tax guy had to explain the whole thing, and it was a bit of a headache.Since then, I've been more cautious about timing my trades. I also found some solid advice on https://top10fxbroker.com/ about how to handle short-term trading without getting caught up in tax issues. It's really helped me stay on top of things.
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