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Enable Wash Sales

Trading Term

Option available when you create a customized Activity Statement in Client Portal. Select this option to include wash sales in your statement. Wash sales are defined by the US Internal Revenue Service (IRS) as a “a sale of stock or securities at a loss within 30 days before or after buy or acquire in a fully taxable trade, or acquire a contract or option to buy, substantially identical stock or securities.” The IRS guidelines are designed to prevent investors from artificially generating losses where they do not actually intend to reduce their holdings in the assets sold.

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