What is Wash Sale Rule? | SIE, SERIES7, SERIES65, SERIES66 Exam Prep

The wash sale rule is an IRS regulation that disallows a tax deduction for a security sold at a loss if a substantially identical security is purchased within 30 days before or after the sale. 📚 Learn more about Wash Sale Rule and other key terms for your SIE, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Wash Sale Rule definition: https://www.open-exam-prep.com/glossary/wash-sale-rule 💡 Exam Tip: Wash sale = 30 days before OR after (61 days total). Loss is DEFERRED, not lost forever. Added to new cost basis. --- #securities #examprep #financeexam #sie #series7 #series65 #series66