Is this you?
- I sold an investment at a loss
- I repurchased the same or similar asset
- Trades were close together
"Selling at a loss guarantees a deduction."
Repurchasing identical property within 30 days triggers the superficial loss rule, cancelling the deduction.
Why guessing is risky
- Broker statements don't flag this
- Denied losses surface during reviews
- Taxable gains increase unexpectedly
Safe to ignore if
- No repurchases occurred
- Trades were clearly spaced
Stop and check if
- Same asset was repurchased
- Transactions occurred within 30 days
Resolve the doubt
Check my superficial loss risk (2 minutes)We'll tell you if this needs reporting and what to do next.
"Most people catch denied losses before reassessment."