What is another word for Wash sale?
Pronunciation: [wˈɒʃ sˈe͡ɪl] (IPA) 
A wash sale is a term used in investing that refers to a transaction in which an investor sells a security at a loss and then purchases it back within a short period of time, often 30 days. This practice is illegal and is not allowed by the IRS. There are several synonyms for the term 'wash sale', including "round trip trade", "pseudo sale", "artificial loss-making transaction", "wash trade", "wash out", and "sale and repurchase". These terms describe similar fraudulent practices, in which investors try to manipulate the market or their tax obligations by artificially creating a loss and offsetting gains. Investors should always be aware of these practices and avoid engaging in them to avoid legal and financial consequences.
