sell a stock today at a loss. buy back same stock today at a lower cost. can I charge off the loss on taxes this yearDoes the ';Wash Rule'; (30 days) apply only @ year end?
No, it does not apply only at year end, but any point in the year. If you sell a stock at a loss and buy it back within a 30 day period, the IRS deems that a wash sale and disallows the loss.Does the ';Wash Rule'; (30 days) apply only @ year end?
No, it applies at any time. Sell at a loss and buy back within a period that is 30 days before or after the sale and the loss becomes non-deductible.
No you can't. The wash rule is in effect all year.
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