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Meaning of "wash sale" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF WASH SALE

wash sale play
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GRAMMATICAL CATEGORY OF WASH SALE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Wash sale is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES WASH SALE MEAN IN ENGLISH?

Wash sale

A wash sale, is a sale of a security at a loss and repurchase of the same or substantially identical security shortly before or after. The regulations around wash sales are to protect against an investor who holds an unrealized loss and wishes to make it claimable as a tax deduction within the current tax year. The security is then repurchased in the hope that it will recover its previous value, which would only become taxable in some future tax year. A wash sale can take place at any time during the year. In the UK, a similar practice which specifically takes place at the end of a calendar year, is known as Bed and breakfasting. In a bed and breakfasting transaction, a position is sold on the last trading day of the year to establish a tax loss. The same position is then repurchased early on the first session of the new trading year, to restore the position. The term, therefore, derives its name from the late sale and early morning repurchase. In some tax codes, such as the USA and the UK, tax rules have been introduced to disallow the practice, e.g., if the stock is repurchased within 30 days of its sale.

Definition of wash sale in the English dictionary

The definition of wash sale in the dictionary is the illegal stock-exchange practice of buying and selling the same securities at an inflated price through a colluding broker to give the impression that the security has a strong market.

WORDS THAT BEGIN LIKE WASH SALE

wash
wash down
wash drawing
wash house
wash leather
wash load
wash one´s hands
wash one´s hands of
wash out
wash over
wash up
wash-and-wear
wash-hand basin
wash-out
wash-wipe
Wash.
washability
washable
washateria
washaway

WORDS THAT END LIKE WASH SALE

auction sale
bill of sale
boot sale
car boot sale
car-boot sale
clearance sale
clearing sale
close-out sale
closing-down sale
closing-out sale
electronic point of sale
fire sale
garage sale
house sale
jumble sale
no sale
point of sale
rummage sale
sale
white sale
yard sale

Synonyms and antonyms of wash sale in the English dictionary of synonyms

SYNONYMS

Translation of «wash sale» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF WASH SALE

Find out the translation of wash sale to 25 languages with our English multilingual translator.
The translations of wash sale from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «wash sale» in English.

Translator English - Chinese

洗售
1,325 millions of speakers

Translator English - Spanish

venta ficticia
570 millions of speakers

English

wash sale
510 millions of speakers

Translator English - Hindi

धोने बिक्री
380 millions of speakers
ar

Translator English - Arabic

غسل بيع
280 millions of speakers

Translator English - Russian

мыть продажа
278 millions of speakers

Translator English - Portuguese

wash sale
270 millions of speakers

Translator English - Bengali

ধোয়া বিক্রয়
260 millions of speakers

Translator English - French

vente de lavage
220 millions of speakers

Translator English - Malay

Jualan basuh
190 millions of speakers

Translator English - German

Wasch Verkauf
180 millions of speakers

Translator English - Japanese

ウォッシュ販売
130 millions of speakers

Translator English - Korean

세척 판매
85 millions of speakers

Translator English - Javanese

Ngumbah
85 millions of speakers
vi

Translator English - Vietnamese

rửa bán
80 millions of speakers

Translator English - Tamil

சலவை விற்பனை
75 millions of speakers

Translator English - Marathi

वॉश विक्री
75 millions of speakers

Translator English - Turkish

Yıkama satışı
70 millions of speakers

Translator English - Italian

lavare vendita
65 millions of speakers

Translator English - Polish

sprzedaż pranie
50 millions of speakers

Translator English - Ukrainian

мити продаж
40 millions of speakers

Translator English - Romanian

spălare de vânzare
30 millions of speakers
el

Translator English - Greek

πώληση πλύσης
15 millions of speakers
af

Translator English - Afrikaans

was verkoop
14 millions of speakers
sv

Translator English - Swedish

tvätt försäljning
10 millions of speakers
no

Translator English - Norwegian

vask salg
5 millions of speakers

Trends of use of wash sale

TRENDS

TENDENCIES OF USE OF THE TERM «WASH SALE»

The term «wash sale» is normally little used and occupies the 124.713 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
42
/100
The map shown above gives the frequency of use of the term «wash sale» in the different countries.
Principal search tendencies and common uses of wash sale
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «wash sale».

FREQUENCY OF USE OF THE TERM «WASH SALE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «wash sale» during the past 500 years. Its implementation is based on analysing how often the term «wash sale» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about wash sale

EXAMPLES

10 ENGLISH BOOKS RELATING TO «WASH SALE»

Discover the use of wash sale in the following bibliographical selection. Books relating to wash sale and brief extracts from same to provide context of its use in English literature.
1
J.K. Lasser's Your Income Tax 2008: For Preparing Your 2007 ...
PlanningReminder Tax Advantage of Wash-Sale Rule Sometimes the wash-sale rule can work to your advantage. Assume that during December you are negotiating a sale of real estate that will bring you a large capital gain. You want to offset ...
‎2007
2
Concepts in Federal Taxation 2011
A wash sale occurs when a security (stocks, bonds, options) is sold at a loss, and during the 30-day period before or after the loss sale date, the seller purchases substantially identical securities to replace the securities sold.24 In a wash sale, ...
Kevin Murphy, Mark Higgins, 2010
3
U.S. Master Tax Guide
Wash Sale Losses Denied. Under the wash sale rules, a taxpayer who realizes a loss upon a sale or other disposition of stock or securities may not take a deduction for the loss. The wash sale rules apply if, within a period beginning 30 days ...
CCH Incorporated, 2007
4
U.S. Master Tax Guide
Wash Sale Losses Denied. Under the wash sale rules, a taxpayer who realizes a loss upon a sale or other disposition of stock or securities may not take a deduction for the loss. The wash sale rules apply if, within a period beginning 30 days ...
CCH Editorial Staff Publication, 2008
5
Capital Gains, Minimal Taxes: The Essential Guide for ...
This may not be a common use of the word—I checked two good-sized dictionaries without finding a definition corresponding to this meaning—but this use gives us the name of a tax rule that has been with us for many years: the wash sale ...
Kaye A. Thomas, 2004
6
The Exchange-Traded Funds Manual
THE WASH SALE RULE Wash sales can adversely affect the tax treatment of transactions in a RIC portfolio and investor transactions in RIC shares. A wash sale occurs when, within 30 days (before or after) of the realization of a loss, a taxable ...
Gary L. Gastineau, 2010
7
Concepts in Federal Taxation 2015
Wash Sales A wash sale occurs when a security (stocks, bonds, options) is sold at a loss, and during the 30-day period before or after the loss sale date, the seller purchases substantially identical securities to replace the securities sold.24 In a ...
Kevin Murphy, Mark Higgins, 2014
8
Day Trading For Dummies
The basis addition lets you work off your wash-sale losses, eventually, assuming that you keep careful records and have more winning trades than losing ones in any one security. To make the calculations easier, several different tax software ...
Ann C. Logue, 2011
9
H and R Block 2002 Income Tax Guide: Preparing America's ...
Wash Sales When you sell stock or securities at a loss and you purchase, or acquire a contract or option to purchase, substantially identical stock or securities within 30 days before or after the sale, wash sale rules apply. Loss on a wash sale ...
H&R Block, 2002
10
J.K. Lasser's Your Income Tax 2014: For Preparing Your 2013 ...
30.6 • Wash Sales Planning Reminder Tax Advantage of Wash-Sale Rule Sometimes the wash-sale rule can work to your advantage. Assume that during December you are negotiating a sale of real estate that will bring you a large capital ...
J. K. Lasser, 2013

10 NEWS ITEMS WHICH INCLUDE THE TERM «WASH SALE»

Find out what the national and international press are talking about and how the term wash sale is used in the context of the following news items.
1
House urged to probe 'wash sale' of treasury notes
MANILA, Philippines - Congress should look into what could be the anomalous wash sale of P14.3 billion worth of treasury notes last year by officials of the ... «ABS CBN News, May 15»
2
DBP officials face graft charges for 'wash sale'
They said the COA recorded a total of 28 "wash sale" transactions. The group said they are filing graft cases for the illegal sale but they also want the ... «ABS CBN News, May 15»
3
DBP hit with P717M loss in 'wash sales'
Some banks try to go around the restriction by using a process—also prohibited by regulators—known as a “wash sale” wherein the securities are sold to ... «Inquirer.net, May 15»
4
Understanding the wash sale rules
The loss can then offset gains from your more successful investments, unless the dreaded wash sale rules disallow your write-off. Here's the scoop on this nasty ... «MarketWatch, Mar 15»
5
Royal Bank of Canada to Pay $35 Million Penalty for Illegal Futures …
The penalty was for engaging in more than 1,000 illegal wash sales, fictitious sales, and noncompetitive transactions, between June 1, 2007 and May 31, 2010, ... «Wall Street Journal, Dec 14»
6
Update: Granite Wash Sale Is No Reason To Buy Linn Energy
The Granite Wash sale was always expected to close, and proceeds will merely pay down existing debt. With its current distribution and cap-ex plan, virtually all ... «Seeking Alpha, Dec 14»
7
A Harsh Yet Hard-To-Enforce IRS Position On Wash Sales
One example of such misplaced attention cropped up in a ruling about wash sales. A wash sale occurs when a taxpayer sells a security, such as a stock or a ... «Palisades Hudson Financial Group, Feb 14»
8
Be Careful With the 'Wash-Sale' Rule
Investors, be careful: Don't get soaked by the "wash sale" rule. Even sophisticated investors sometimes get hosed. Here is how the rule generally works and how ... «Wall Street Journal, Dec 13»
9
High-frequency trading firm gets fined over wash trades
“Wash trades” or “wash sales” are abusive algorithm patterns, where a firm trades with itself to give the appearance of activity in the market to convince other ... «MarketWatch, Aug 13»
10
IRS Proposes Changing Wash Sale Tax Rules for Money Market …
The Internal Revenue Service has proposed tax relief for money market fund investors in response to concerns about proposed reforms from the Securities and ... «Accounting Today, Jul 13»

REFERENCE
« EDUCALINGO. Wash sale [online]. Available <https://educalingo.com/en/dic-en/wash-sale>. Apr 2024 ».
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