Can i sell and rebuy the same stock
I've read about the wash rule, and somewhat understand that I can't report losses, but what about gains, is this a double standard? To sell a stock for a loss and take the loss as a tax deduction, an investor must wait at least the 30 days before buying the shares again. Individual Retirement Accounts A traditional IRA lets you deduct your contributions and defers taxes on all your IRA money, including earnings, until you withdraw it. For you to claim a capital loss, the IRS insists, you must actually lose money, and that's not what happens in a wash sale. Questions Tags Users Badges Unanswered.