A wash sale is a transaction in which an investor sells a losing security to claim a capital loss, and within 30 days before or after the sale, they: Buy substantially the same securities ...

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Be aware of the wash sale rule enforced by the IRS. The rule is important for investors reassessing their market positions and looking to sell and repurchase declining stocks to offset losses.

Austa Somvichian-Clausen is a travel and lifestyle journalist living in New York City.

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