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Wash SalesUnder Internal Revenue Service rules, you cannot deduct losses from sales or trades of stock or securities in a wash sale. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you:
For more information about wash sales, read IRS Publication 550, Investment Income and Expenses (Including Capital Gains and Losses). http://www.sec.gov/answers/wash.htm
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