10/08/2026
Selling at a loss to lower your capital gains, then buying that same stock back a week later?
Yeah... the IRS is putting the kibosh on that!
That move can trigger the wash-sale rules, and it can delay when you're able to deduct your loss.
A wash sale looks at a 61-day window: 30 days before the sale, the date of the sale, and 30 days after the sale.
And no, buying it back in a different account (or even your spouse's account) isn't hiding a wash sale. No points for creativity here!!
Ready to get fancy with your tax strategy? Love it (just please call me before you do anything!).