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Investors & landlords
If you hold the stock for less than one year, you have a short term capital loss that is taxed at ordinary tax rates, as opposed to capital gain tax rates.
You only have a wash sale if you buy the same or similar stock back within 30 days of when you sold it. Otherwise it doesn't matter what you do with the proceeds, the loss will be deductible, up to the annual limit of $3,000.
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‎February 3, 2021
1:07 PM