Multiple Choice
A wash sale occurs when:
A) A taxpayer sells and buys substantially identical stock.
B) A taxpayer sells stock and buys substantially identical stock within 30 days before or after the sale.
C) A taxpayer sells stock and buys substantially identical stock within 60 days before or after the sale.
D) When a taxpayer sells stock at the end of the year to offset a gain recognized earlier in the year.
Correct Answer:
Verified
Correct Answer:
Verified
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