The wash sale rule and your records
Avoid the wash-sale trap on stocks, and keep the records Form 8949 and Schedule D need.
Module 20 of 26, US tax walkthroughs (general information). Lesson 3 of 5, about 16 minutes. This module is for readers in the US.
The takeaway
A buy-back inside 30 days on either side of a loss sale defers the loss onto the new basis. Form 8949 lists every trade; Schedule D totals them for your return.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
Open this lesson in the course
General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.