Skip to end of metadata
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 4 Next »

A wash sale is a transaction in which an asset is sold at a loss and within 30 days that same or similar asset is bought back. The purchase can either be 30 days before or 30 days after the sale to qualify. When this occurs, there are tax consequences under the USTAX accounting basis. You must set up the accounting basis for an entity to enable wash sale processing for all trades and certain corporate actions for that entity/accounting basis.

To set up and use wash sales in Eagle's Accounting solution, you can do the following:


  • No labels