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YouTubeSwoleTax
Quick tax tip: ⏬ The IRS wash sale rule means you can't sell an investment at a loss and then buy the same (or very similar) one again within 30 days just to claim the tax write-off. If you do, the loss doesn't disappear -- it's just delayed and added to the cost of your new investment. Bottom line: tax losses are powerful, but the IRS won't let you sell today and buy it right back tomorrow to game the system. That's why being smart and intentional matters. Having a knowledgeable advisor or adva
0:19
Quick tax tip: ⏬ The IRS wash sale rule means you can't sell an investment at a loss and then buy the same (or very similar) one again within 30 days just to claim the tax write-off. If you do, the loss doesn't disappear -- it's just delayed and added to the cost of your new investment. Bottom line: tax losses are powerful, but the IRS won't let you sell today and buy it right back tomorrow to game the system. That's why being smart and intentional matters. Having a knowledgeable advisor or adva
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