Wash Sale Warning

Considerations

Wash sales occur when shares are sold at a loss and substantially similar shares are purchased within 30 days (before or after) of the sale. Wash sales cause your losses to be deferred until the "replacement shares" purchased are sold. GainsAdvisor identifies those positions in your account that would trigger a wash sale if traded on the current day, helping you avoid those trades.

Click any of the links below to view additional information for the selected field. You can sort each column by clicking the appropriate column header.

• Symbol

  This column contains the symbol of the security that will create a wash sale if sold on the current date.

• Account

  This column contains the account of the security that will create a wash sale.

• Shares

  This column contains the number of shares that will be impacted by the wash sale rule if you sell them. Additional shares will not be affected.

• Wash Sale Amount

  This column contains the deferred loss amount for this trade. Instead of recognizing this loss amount for taxes, it will be added to the total cost of the replacement shares.

• Days until free

  This column contains the number of days until you can sell this security without incurring a wash sale.

• First Sell Date

  This column contains the first date you can sell this security without incurring a wash sale.

• What If

  Click this link to access the What-If Buy or Sell tool in GainsAdvisor.

• Wash sale if you purchase tab

  If you click this tab, the securities that will create a wash sale if you buy them on the current day are displayed.

Example

Click here to view an example of the Wash Sale Warning page.