<klink type="cncpt">Tell me about wash sales</klink>
</index>
<content>
<p>Under the wash sale rules, if you sell stock at a loss and buy it back within a 30-day period before or after the loss sale date, you cannot claim the loss on your taxes. This prevents taxpayers from selling stock to claim the loss and then buying it back within a short period of time to retain ownership. Keep this rule in mind as you buy and sell stock.</p>