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Glossary > W > "Wash Sale Rule" Definition

Wash Sale Rule

An 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.

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Wash Sale Rule - An 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.

Wash Sale Rule : an 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.