The 'wash rule' is a term used by the IRS to describe a situation where an investor sells an investment at a loss and then buys it back within 30 days. The IRS does not allow you to take a tax deduction in such cases. This rule is designed to prevent investors from selling stocks at a loss simply to claim a capital loss, and then immediately repurchasing them. However, there are ways to avoid triggering the wash rule. For instance, if you own index funds, you can sell one and then buy a different one that's exposed to the same index. This allows you to maintain your portfolio's correct exposure without triggering the wash rule. But what if there was a way to not only avoid the wash rule but also make a positive impact with your investments? That's where Daffy comes in. Daffy is a Donor Advised Fund (DAF) that allows you to easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place. With Daffy, you can donate appreciated securities, which not only allows you to avoid capital gains taxes but also provides a tax deduction for the full fair market value of the donated securities. This can be a great strategy for managing your investments and taxes while also supporting the causes you care about. Remember, the information contained in this post is for educational purposes only and should not be considered tax advice. Always consult with a tax professional to assess your specific tax situation. So why not simplify your giving with Daffy, the Donor Advised Fund for You™? Daffy waives all membership fees for members with less than $100 in their fund, so you can get started today for free! Plus, don't forget to download the Daffy app for easy access to your account.