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Yes, wash sale rules apply to gains when selling stocks. This means that if you sell a stock at a gain and then repurchase the same or substantially identical stock within 30 days, you may not be able to claim the gain for tax purposes.

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5mo ago

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What are the characteristics of a penny stock?

Taken directly from the US Securities and Exchange Commission, a penny stock is a "security issued by a very small company that trades at less than $5 per share." Penny stocks can be more difficult to sell than other stocks and thus carry a certain risk. Thus, a broker-dealer is required by law to provide customers with a document describing these risks. Several other rules apply to penny stocks; these can be found on the SEC website.


Is it possible to sell your stocks at any time?

Yes, it is generally possible to sell your stocks at any time during market hours when the stock exchange is open. However, there may be restrictions or limitations depending on the type of investment account you have or specific rules set by your broker.


Why do stocks have different prices on different exchanges?

Stocks have different prices on different exchanges because each exchange operates independently and has its own supply and demand dynamics, trading rules, and market conditions. These factors can lead to variations in stock prices between exchanges.


Who can apply for merchant credit cards?

To apply for a merchant credit card you must be a merchant. You can apply online as long as you comply with all the rules. Becoming a merchant enables you to process credit cards online with a merchant discount.


How do wash sale rules apply to covered calls?

Wash sale rules apply to covered calls when an investor sells a stock for a loss and then buys a substantially identical stock within 30 days, which can trigger a wash sale. This can impact the tax treatment of the loss from the covered call transaction.

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What are the characteristics of a penny stock?

Taken directly from the US Securities and Exchange Commission, a penny stock is a "security issued by a very small company that trades at less than $5 per share." Penny stocks can be more difficult to sell than other stocks and thus carry a certain risk. Thus, a broker-dealer is required by law to provide customers with a document describing these risks. Several other rules apply to penny stocks; these can be found on the SEC website.


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