How long must i hold on to a stock if i sell on a loss for it to count as a credit as a loss of income in my taxes?
It is called the "wash rule" and it says you can't sell a stock and buy it back within 30 days and claim a capital loss. If you sell a stock and buy it back within 30 days, the IRS will disallow the capital loss and you will lose the offset.
Answered by Charlene W. -
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