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Intermediate

Wash Sale Rule Compliance Memo

Identifies disallowed tax losses on stock sales based on the 30-day rule.

Review the following trade history for {ticker_symbol}: Sold {shares} on {sale_date} for a loss of {loss_amount}, and Repurchased {shares} on {repurchase_date}. Determine if this triggers the 'Wash Sale Rule.' If so, calculate the disallowed loss and the adjusted basis of the new shares.

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Details

๐Ÿ’ฐ

Category

Tax

Tax Research & Memo Drafting

Tested With

โœ“ GPT-4oโœ“ Gemini 1.5 Pro

Tags

#Capital Gains#Investing#Tax

Added

6m ago

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