Question

i bought shares at 724 and sold them at 690. then i bought them again at 670 the same day. what was the profit and loss. related to stock market ​

Answer 1

You can buy shares and sell them a week later for a tax-deductible loss because the initial purchase was not intended to replace shares already owned or sold. In most cases, a wash sale is triggered when you sell an investment then buy the same investment again within 30 days after the sale.