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Wash sales and similar trading patterns are not themselves prohibited; the rules only deal with the tax treatment of capital losses and the accounting of the ongoing tax basis. Tax rules in the U.S. and U.K. defer the tax benefits of wash selling at a loss.
A wash sale is when you sell an asset, such as a stock or bond, for a loss but have purchased the same asset or a very similar one within 30 days before or after the sale.
Wash trading is a form of market manipulation in which an entity simultaneously sells and buys the same financial instruments, creating a false impression of market activity without incurring market risk or changing the entity's market position. Wash trading has been deemed illegal in most jurisdictions.
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The Daily Eastern News – Eastern Illinois University; The Daily Egyptian – Southern Illinois University Carbondale; The Daily Illini – University of Illinois at Urbana–Champaign; The Daily Northwestern – Northwestern University; The DePaulia – DePaul University; ICC Harbinger – Illinois Central College; The Lewis Flyer – Lewis ...
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There are also many boards, commissions and offices, [1] including: Abraham Lincoln Presidential Library and Museum; Attorney Registration & Disciplinary Commission of the Supreme Court of Illinois
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