Wash sale rule
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Can You Write Off Wash Sale Rule?
Short answer: No: a loss is disallowed if you buy the same or substantially identical stock within 30 days before or after the sale.
The disallowed loss is added to the new shares' basis.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B23-00537
high risk
Wash sale rule
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Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
No: a loss is disallowed if you buy the same or substantially identical stock within 30 days before or after the sale.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
No: a loss is disallowed if you buy the same or substantially identical stock within 30 days before or after the sale. The disallowed loss is added to the new shares' basis.
Category
- Personal Tax Deductions
personal deduction
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losses
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