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Wash Sale
Glossary · Tax Concepts
Definition
IRS rule disallowing a tax loss if you buy substantially identical securities within 30 days before or after the sale.
Sell VTI at a loss, then buy VTI again within 30 days: the loss is disallowed and added to the new cost basis.
Terms are defined in the context of how ArthaPilot uses them. For authoritative definitions, consult the SEC, IRS, or a qualified financial advisor.