Tax costs for poorly timed stock transactions

February 19, 2015
Dana Greenstein

You decided to harvest some capital losses by selling some stocks that took a nose dive. Now one of your former stocks has turned around and you want it back.  Don’t be in too big of a hurry to call your broker. If you repurchase the stock too soon, you’ll violate the wash sale rule. This regulation prohibits a shareholder from selling a holding at a loss, using that loss for a tax break and then turning right around and buying the same or similar stock.  Thomson Reuters Jim Van Grevenholf explains how and why this rule applies.   Read more at


Dana Greenstein
Public Relations Manager
Tel: +1 212 337 4129

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