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Stock transaction done at a loss for tax purposes Crossword Clue

8 letters · New York Times · Monday, April 21, 2008 · 52-Across

Appeared in 1 New York Times Crossword: Monday, April 21, 2008.

Exact puzzle match · New York Times · April 21, 2008 · 52-Across · 8 letters

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What does this clue mean?

The sale of a security at a loss, and repurchase of the same or substantially identical security shortly before or after; used in tax evasion.

noun

WordNet® (Princeton University)

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Stock transaction done at a loss for tax purposes Crossword Clue (8 Letters) | CrosswordAlly