Home Forums Tax Wash Sale, Short-Term capital gain Wash Sale, Short-Term capital gain Name * Password * Email Under the wash sale rule, the investor CANNOT take the loss on the sale as a tax deduction in the current tax year. Instead, the loss is disallowed, and the cost basis of the repurchased security is adjusted to reflect the disallowed loss. The disallowed loss can be carried forward to future tax years and taken into account when the investor sells the security in a future tax year. I agree to the terms of service Comment
