A wash sale occurs when both of these apply:
- You sell or trade stock, mutual fund shares, or bonds at a loss.
- Within 30 days before or after the sale date, you:
- Buy substantially identical stock or shares
- Gain substantially identical stocks or shares in a taxable trade
- Obtain an option to buy substantially identical stock or securities
- Get substantially identical stock for a traditional or ROTH IRA
For information on how to report your Wash Sale, click here.
