You may have created a "Wash Sale'
The wash sale rule prohibits taxpayers from claiming a loss on the sale or other disposition of a stock or securities if,
- within the 61-day period that begins 30 days before the sale (generally, the trade date) or other disposition,
- Or they: Acquire the same or a “substantially identical” stock or securities.
To simplify this:
- If you buy and sell a stock at a loss, and buy it back again within 30 days, you cannot take the loss.
- It will reduce the basis of the stock and be credited when you finally sell those shares.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
