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Get your taxes done using TurboTax
maybe. A wash sale occurs when you sell or trade securities at a loss and within 30 days before or after the sale you: buy substantially identical securities, acquire substantially identical securities in a fully taxable trade, or acquire a contract or option to buy substantially identical securities.. the issue here is what does the code consider substantially identical.
now here's a kicker. a person bought and sold stock in his personal account at a loss. within the wash sale time period he bought substantially identical stock in his ira . the irs said the wash sale rules applied.
‎June 5, 2019
11:20 PM