What WASH SALE means: The purchase of substantially similar stock or other securities within 30 days before or after the sale of the similar stock or security at a loss. A taxpayer cannot claim a wash sale loss; instead, the loss is added to the basis of the most recently purchased substantially similar securities.
- Definition Worthless Securities:
- Dictionary for a security that becomes worthless during the year. The loss is deemed to have occurred on the last day of the year. Special rules apply to securities of affiliated companies and small business wash sale definition.
- Definition Welfare To Work Credit:
- Dictionary A tax credit for employers who hire workers off welfare rolls wash sale explain.
- Definition Working Interest:
- Dictionary An operating interest in oil and gas in place that is burdened with the responsibility and cost of developing and operating the property wash sale what is.
- Definition Worksheet:
- Dictionary A record of compiled information that is generally not sent to the IRS with a tax return wash sale meaning.
How works Wash Sale meaning in Tax definitions W .
