What is wash sale in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: wash sale

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A sale of a security at a loss and its repurchase or the purchase of a substantially identical security within 30 days before or after the sale.

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• Key Concepts: 
  A wash sale is a transaction in SAP Transaction Manager (TM) that allows a company to buy and sell the same security within a short period of time. This type of transaction is used to reduce the tax liability of the company by offsetting gains and losses on the same security. 
  
  How to use it: 
  In SAP TM, a wash sale can be created by entering the details of the security, the buy and sell dates, and the amount of the transaction. The system will then calculate the tax liability based on the details entered. The user can then review and approve the transaction before it is processed. 
  
  Tips & Tricks: 
  When creating a wash sale in SAP TM, it is important to ensure that all details are accurate and up-to-date. This will help to ensure that the tax liability is calculated correctly and that any potential losses or gains are offset correctly. 
  
  Related Information: 
  For more information on wash sales in SAP TM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to create and manage wash sales in SAP TM.