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Fundamental
Wash Sale Rule
Disallows tax loss if you repurchase substantially identical security within 30 days
Definition
Wash sale rule prevents claiming tax losses on sales followed by repurchasing substantially identical securities within 30 days. Designed to prevent artificial loss generation for tax benefits.
Related Topics
#tax rules
#loss harvesting
#tax planning
#irs regulations
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Category: Fundamental
Fundamental analysis examines a company's financial health, management quality, and market position to determine intrinsic value.
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