Blakeslee & Blakeslee

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Retirement Planning Investment Planning Education Planning Estate/Tax Planning Tax-Free Investments IRA/401K/TSA Rollover Risk Management
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	Wash Sales If you’re looking for some tax deductions by selling stock on which you’ve got a loss be sure you don’t do what is called a wash sale. One way to reduce income taxes is to sell investments that you own on which you can deduct a loss. It’s important however not to incur what the IRS calls a “wash sale”. A wash sale occurs when you sell stock or securities at a loss and, within 30 days before or after that sale you directly or indirectly buy substantially identical stock or securities. The deduction of the loss won’t be allowed...Read More