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  3. Study Set
    Concepts in Federal Taxation
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    Exam 7: Losses-Deductions and Limitations
  5. Question
    Why Do the Wash Sale Rules Apply to the Sale
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Why Do the Wash Sale Rules Apply to the Sale

Question 63

Question 63

Essay

Why do the wash sale rules apply to the sale of stock at a loss but not to the sale of stock at a gain?

Correct Answer:

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Tax avoidance is possible when a sale is...

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