In this video, I will walk through the wash sale rule, which could prevent sellers of stock from taking a tax deduction if they sold that stock at a loss.
Essentially, if you sell a stock at a loss, then purchase substantially the same stock up to 30 days before or after a sale, the loss is disallowed in that tax year.
I also show an example of an investment statement and where to find the wash sales.

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About my channel:
Rob CPA channel was created with a mission to provide viewers with accurate content so they can be proactive in their tax planning strategies and build financial wealth. The video topics I selected reflect real-world issues that I’ve seen our clients experience relating to their personal tax returns, retirement plans, and accounting.

The channel allows me to share my passion for taxes, personal finance, and accounting. I create content I wish schools and entrepreneurship programs/accelerators would teach their students and companies. I take complex topics and simplify them for the viewers as well as show examples.

I will be covering the following topics:

- Personal & business tax planning tips;
- Personal finance;
- Accounting;
- Investing;
- Entrepreneurship

New videos are released every week, so be certain to SUBSCRIBE! : shorturl.at/fL014

#stock #taxes #invest

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