wash sale

A sale of securities made at about the same time as a purchase of the same securities (such as within 30 days), resulting in no change in beneficial ownership.

• A loss from a wash sale is usu. not tax-deductible. And securities laws prohibit a wash sale made to create the false appearance of market activity.

— Also termed wash transaction. [Cases: Internal Revenue 3216; Securities Regulation 60.25. C.J.S. Internal Revenue § 126; Securities Regulation §§ 214, 226–227.]

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资深译员Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。