{"id":72102,"date":"2020-11-22T11:38:00","date_gmt":"2020-11-22T16:38:00","guid":{"rendered":"https:\/\/www.tradertaxcpa.com\/?p=72102"},"modified":"2022-09-07T11:40:56","modified_gmt":"2022-09-07T15:40:56","slug":"3-ways-to-avoid-the-wash-sale-nightmare","status":"publish","type":"post","link":"https:\/\/www.tradertaxcpa.com\/index.php\/2020\/11\/22\/3-ways-to-avoid-the-wash-sale-nightmare\/","title":{"rendered":"3 Ways to Avoid the Wash Sale Nightmare!"},"content":{"rendered":"<p class=\"wp-block-paragraph\">3 Ways To Avoid The Wash Sale Nightmare! <\/p><p class=\"wp-block-paragraph\">As you approach the end of a tax year paying attention to the Wash Sale Rule is something that will keep you safe; and avoid being a wash sale casualty. The rule was created to prevent &#8220;tax loss harvesting&#8221;.<\/p><p class=\"wp-block-paragraph\">A basic wash sale happens when a security is sold at a loss, then repurchased in a short period of time before or after the loss. The IRS has established the wash sale rule in order to prevent anyone from reducing their capital gains by creating wash sales. The most important time of year for day traders to pay attention to is December &amp; January!<\/p><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"3 Ways to Avoid the Wash Sale Nightmare!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/WxMkIZm4A5I?start=190&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>","protected":false},"excerpt":{"rendered":"<p>3 Ways To Avoid The Wash Sale Nightmare! As you approach the end of a tax year paying attention to the Wash Sale Rule is something that will keep you safe; and avoid being a wash sale casualty. The rule was created to prevent &#8220;tax loss harvesting&#8221;. A basic wash sale happens when a security [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[44],"tags":[148,133,149,147,47],"class_list":["post-72102","post","type-post","status-publish","format-standard","hentry","category-wash-sales","tag-mark-to-market-accounting","tag-section-475","tag-tax-loss-harvesting","tag-wash-sale","tag-wash-sales"],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 Ways to Avoid the Wash Sale Nightmare! - Trader Tax CPA, LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradertaxcpa.com\/index.php\/2020\/11\/22\/3-ways-to-avoid-the-wash-sale-nightmare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Ways to Avoid the Wash Sale Nightmare! - Trader Tax CPA, LLC\" \/>\n<meta property=\"og:description\" content=\"3 Ways To Avoid The Wash Sale Nightmare! As you approach the end of a tax year paying attention to the Wash Sale Rule is something that will keep you safe; and avoid being a wash sale casualty. The rule was created to prevent &#8220;tax loss harvesting&#8221;. 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