If I sell a long position in a stock for a loss, then buy a call option for that stock the same day, does the 30-day rule affect whether I can write off the loss?Parula,I'm afraid it is NOT at all vague. Per IRS pulication 550 "A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you ... acquire a contract or option to buy substantially identical stock or secutities."The situation you have described is a wash sale.Good Luck,Z
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