What are WASH SALES?

I'm doing my taxes for 2008 and found this part really confusing. I bought a stock in 2007 (in two separate transactions) and reinvest my dividends. I sold them all in December 2008 to realize a loss for tax purpose. Now the last dividend was reinvested...

This is about trading/investing in stocks. I’ve read about wash sales online, in articles, on Wikipedia, on my broker’s website, I’ve consulted with a few CPAs, and I still have some confusion about wash-sales as it...

I efiled with tax slayer. All has been well until this year. I did some active trading in 2008 which has resulted in capital loss and wash sales. I used schedule D to list the transactions but I didn't take into account wash sales or uneven transactions...

Ok, im gonna use basic numbers to make this easy to understand. My 1099 looks like this 140,000 gross proceed, 100,000 cost basis. Here is where it gets tricky. I have a number, lets just say 20,000 under "wash sale loss disallowed" My 109...

10/1/2011 Buy ABC 300 shares @ $20 10/2/2011 Sell ABC 300 shares @ $10 10/8/2011 Buy ABC 300 shares @ $11 10/9/2011 Sell ABC 300 shares @ $12 10/12/2011 Buy ABC 300 Shares @ $11 10/13/2011 Sell ABC 300 Shares @ $12 How do I treat this wash sales for...

I sold a stock that has a return on capital. The purchase price minus the returns on capital brings it down to less that the unadjusted purchase price, yet the broker is calling it a wash sale. I call this a profit, they call it a loss (wash sale).

and if u did chose to do car wash then how would u advertise it