ilmscore | Prediction Details
By CA Rachana Phadke Ranade | March 19, 2025 | Incorrect
Interpreted Prediction
Selling and buying the same security on the same day will invalidate tax gain or loss harvesting benefits.
AI Evaluation Notes
Tax-loss harvesting is not invalidated by selling and buying the same security on the same day. This is known as a wash sale, and the losses are disallowed only if you buy the same or a 'substantially identical' security within 30 days before or after the sale.

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