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Is A Wash Sale Illegal? [Solved]
Wash Sale Penalty A wash sale itself is not illegal. Claiming the tax loss on a wash sale is, however, illegal. The IRS does not care how many wash sales an investor makes during the year. On the other hand, it will disallow the losses on any sales made within 30 days before or after the purchase.
The Wash Sale Rule
Not sure if you made any
What is a Wash Sale?
Wash sales
How Wash Sales Affect Active Traders
Wash sales
