Equity securities - common and preferred stocks, exchange traded funds (ETFs), American Depository Receipts (ADRs) and Real Estate Investment Trusts (REITs) - are covered securities if they are purchased or acquired after January 1, 2011. ... (The wash sale rules do not apply if the stock is sold at a gain.) Beginning on Jan. 1, 2011, brokers and agents will be required to track wash sales and their impact on the cost basis of shares. It will still be the taxpayers ...
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