What Is A Wash Sale Rule? [Solved]
Hello, iam Shelly Barette, Hope you’re having a great week! What Is A Wash Sale Rule? [Solved] The wash-sale rule prohibits selling an investment for a loss and replacing it with the same or a “substantially identical” investment 30 days before or after the sale. If you do have a wash sale, the IRS will not allow you to write off the investment loss which could make your taxes for the year higher than you hoped....