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FIT SYSTEM LIMITED GUARANTEE VALID: January 1, 2019 December 31, 2019 You may obtain a printable copy of this certificate at www.maytag.caSubject to the terms set forth herein, Maytag Brand of Whirlpool
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Wash performance limited money refers to funds that cannot be deducted for tax purposes when a security is sold at a loss and repurchased within a specified timeframe.
Taxpayers who engage in transactions involving the sale of securities at a loss and then repurchase the same or substantially identical securities within a certain period are required to file wash performance limited money.
To fill out wash performance limited money, taxpayers must report details of the transactions, including dates, amounts, and identification of the securities involved, on the appropriate tax forms.
The purpose of wash performance limited money is to prevent taxpayers from claiming tax benefits on losses from securities sales that are essentially offset by repurchase transactions.
Information that must be reported includes the date of the sale, the loss amount, the repurchase date, and details of the securities involved.
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