Wash Sale Rule
Definition
An IRS rule disallowing a tax deduction for a security sold at a loss if a substantially identical security is purchased within 30 days.
Explanation
An IRS rule disallowing a tax deduction for a security sold at a loss if a substantially identical security is purchased within 30 days.
How Stoquity Uses This
Stoquity incorporates wash sale rule analysis across its portfolio management platform, providing real-time monitoring and AI-powered insights.