The Wash Sale Rule You Must Know Before December 31 #shorts
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Designed Invested on Instagram: "This is the last part of a 2 part series breaking down wash sale rules! 🧠 Understanding the wash sale rule starts with a simple example. Imagine an investor buys 10 shares of XYZ at $100, then picks up another 10 shares a month later at $110. A week after that, they sell the original shares for $90, locking in what looks like a $1,000 loss. But because the investor bought new shares within the 30-day wash sale window ⏱️, that loss can’t be claimed on taxes. 🔄 I
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