Avoid Tax Consequences By Understanding The Wash Sale Rule

Are you ready for something that will prepare you to join the 1%? Today we're going to go over the Wash Sale Loss Rule and how you can avoid the tax consequences from selling your investments at a loss and then repurchased within 30 days.

If your answer isn't yes, then you must have clicked on the wrong video because we are here to help our viewers take control of their finances through a simple rule…

What might that rule be, you may ask…

This rule is referred to as “The Wash Rule”

What does the wash rule entail? How can it make such a big difference in one's life?

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0:00 Intro
0:14 Wash Sale Loss Rule
2:41 Buying Identical Stock/ Securities
7:00 Acquire Identical Stock/ Securities
7:37 Acquire Option Contract
8:03 Acquire MORE Identical Stocks/ Securities
10:04 Explanations and Examples
14:40 Brokerages, Traders, & Winners
18:13 Options
21:20 Scenarios Chart
32:35 Outro
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.

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