When shares of a fund or stock or exchanged or redeemed at a loss and shares of the same (or substantially similar) asset are repurchased within 30 days before or after the original asset's sale. In this case, the taxpayer cannot claim a loss, but rather the loss is added to the basis of the most recently purchased similar security.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). wash sale. Retrieved October 1, 2026, from http://smartdefine.org/wash_sale/definitions/1166407 |
| Chicago | Barry Goldsmith. 2010. "wash sale" http://smartdefine.org/wash_sale/definitions/1166407 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, wash sale, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/wash_sale/definitions/1166407>. |
| MLA | Barry Goldsmith. "wash sale" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/wash_sale/definitions/1166407> |