wash-sale
1Wash sale — is a sale of a security (stock, bonds, options) at a loss and repurchasing the same or substantially identical stock soon afterwards. The idea is to make an unrealised loss claimable as a tax deduction, by offsetting against other capital gains… …
2wash sale — n [probably from the comparison of such a sale to the act of washing, which does not affect the nature of the thing washed]: a sale and purchase of securities that produces no change of the beneficial owner; specif: a sale of securities within 30 …
3Wash sale — (Stock Exchange) A sale made in washing. See {Washing}, n., 3, above. [Webster 1913 Suppl.] …
4wash sale — ☆ wash sale n. the pretended trading of stock, accomplished by buying shares at one broker and simultaneously selling an equal number of shares at another broker, in order to make trade in that stock appear active: an illegal practice …
5wash sale — Purchase and sale of a security either simultaneously or within a short period of time, often in order to recognize a tax loss without altering one s position. Bloomberg Financial Dictionary See: tax selling. Bloomberg Financial Dictionary * * *… …
6wash sale — noun : a prearranged fictitious sale of securities with no real change of ownership that is made to influence the market or to establish a loss for tax purposes * * * 1. a sale of a stock at a loss and repurchase of the same or substantially… …
7wash sale — The offsetting sale and purchase of the same or similar asset within a short time period. For income tax purposes, losses on a sale of stock may not be recognized if equivalent stock is purchased within thirty days before or thirty days after the …
8wash-sale rule — ► a rule introduced to stop investors selling and buying back their shares, etc. within a 30 day period so that they cannot claim the sale as a tax loss: »The wash sale rule even applies if you buy new shares before you sell your losing ones.… …
9Wash-Sale Rule — An Internal Revenue Service (IRS) rule prohibiting a taxpayer from claiming a loss on the sale of an investment when the same investment was purchased within 30 days before or after the sale date. Also know as the 30 day wash sale rule . This… …
10Wash Sale — An illegal transaction an investor makes by simultaneously buying and selling a security through two different brokers, thereby creating the illusion of activity. Investors do this to try and recognize a tax loss without actually changing their… …
