Elah Holdings Inc fka RELYQ (ELLH)

[56Chevy]

Wash Sale Rule

The wash sale rule disallows the deduction of a capital loss if the same stock is purchased within a 30-day period on either side of the date of the sale. If an investor wants to use the loss from the sale of stock as a tax write-off, the stock cannot be repurchased for 30 days. Capital gains are not subject to the 30-day rule. If a stock is sold for a gain, the profit is taxable. The investor can buy the stock again at any time.

http://www.geeksonfinance.com/info_7764925_can-stock-within-30-days.html

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