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Replies to post #8166 on Canopus Biopharma Inc (CBIA)
BigBadWolf
04/27/24 1:12 PM
#8198 RE: BigBadWolf #8166
A wash sale is a transaction in which an investor sells or trades a security at a loss and purchases "a substantially similar one" 30 days before or 30 days after the sale.1 This is a rule enacted by the Internal Revenue Service (IRS) to prevent investors from using capital losses to their advantage at tax time.