D dennisdg Newbie Messages 1 Likes 0 Dec 18, 2009 #1 Hey all .. I've learned a lot from the threads here! Unemployed US Stock Newbie. 2 questions: Is it common for US traders to trade just 1 or 2 US stocks, etf's, etc since we have the Wash Sale 30 day Rule? Do US traders do it, and why? Thank You All
Hey all .. I've learned a lot from the threads here! Unemployed US Stock Newbie. 2 questions: Is it common for US traders to trade just 1 or 2 US stocks, etf's, etc since we have the Wash Sale 30 day Rule? Do US traders do it, and why? Thank You All
T totallyfinished Newbie Messages 5 Likes 0 Feb 24, 2010 #2 Is it common for US traders to trade just 1 or 2 US stocks, etf's, etc since we have the Wash Sale 30 day Rule? I don't think so.. Do US traders do it, and why? A wash sale occurs when you sell a security at a loss but then repurchase it within 30 days at the low price. For tax purposes, capital losses are disallowed or postponed under these circumstances. http://www.itrademax.com/ipress/detailed-instructions/run-reports/wash-sales-calculation-rule.htm Last edited: Feb 24, 2010
Is it common for US traders to trade just 1 or 2 US stocks, etf's, etc since we have the Wash Sale 30 day Rule? I don't think so.. Do US traders do it, and why? A wash sale occurs when you sell a security at a loss but then repurchase it within 30 days at the low price. For tax purposes, capital losses are disallowed or postponed under these circumstances. http://www.itrademax.com/ipress/detailed-instructions/run-reports/wash-sales-calculation-rule.htm
