Is There a De Minimis Exception to the Wash Sale Rule for Small Traders? ▴ Learn

Is There a De Minimis Exception to the Wash Sale Rule for Small Traders?

No, there is no official de minimis exception in the US tax code for the wash sale rule based on the size of the trade or the trader's income level. The rule applies to all taxpayers who realize a loss on a security and acquire a substantially identical security within the 61-day window.

Traders must track and adjust their cost basis regardless of the trade size.

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