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Tax-Loss Trading and Wash Sales

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  • Mark Grinblatt
  • Matti Keloharju

Abstract

An analysis of Finnish investors' stock trades shows that they realize losses more than gains towards the end of December. Moreover, they repurchase the same stocks recently sold. The repurchase rate depends on loss magnitude, firm

Suggested Citation

  • Mark Grinblatt & Matti Keloharju, 2000. "Tax-Loss Trading and Wash Sales," Yale School of Management Working Papers ysm148, Yale School of Management, revised 01 Nov 2002.
  • Handle: RePEc:ysm:somwrk:ysm148
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    File URL: http://icfpub.som.yale.edu/publications/2462
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    JEL classification:

    • G0 - Financial Economics - - General
    • G1 - Financial Economics - - General Financial Markets

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