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What is Tax Loss From Wash Sale of Securities?

April 26, 2017lawyers loss sale securities tax tax loss wash wash sale

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What is Tax Loss From Wash Sale of Securities?

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When a taxpayer sells stocks or securities held for investment at a loss, he/she will usually be able to take this capital loss as a deduction against his/her capital gains. However, if the taxpayer engages in a wash sale transaction, then any losses that result from it may not be deducted.