I have started selling some stocks in taxable accounts to claim a loss for the 2025 tax return. I sold some on Thursday, October 29, 2025 and the stocks closed lower. I hope they stay lower, since I have to wait at least 30 days before buying them back, or else the IRS disallows the loss, calling it a "wash sale."
The IRS rule requires a minimum 30 day period before or after the sale of stock at a loss for the purchase of the same stock to replace it. Otherwise, the IRS disallows the claim of a loss for that stock.
I sold Starbucks (SBUX), Target (TGT) and Etsy (ETSY) for $84.11, $95.48 and $69.33 respectively on October 29, 2025. I will wait until at least November 29, 2025 to make sure I meet the 30 day period, before buying back the shares at, hopefully, a lower price than I sold.
This is not financial, investment nor tax advice. Please consult a professional advisor.
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