The taxpayer is a dealer of securities or stocks and made in the course of business of such dealer. The shares of stock are sold and then reacquired
The taxpayer is a dealer of securities or stocks and made in the course of business of such dealer. The shares of stock are sold and then reacquired
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 30P
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Question
Losses from wash sales of stocks or securities shall not be deductible, except
- The taxpayer is a dealer of securities or stocks and made in the course of business of such
dealer. - The shares of stock are sold and then reacquired or repurchased are identical stocks or
securities. - The shares of stock are sold and then reacquired within a period beginning 30 days before the
date of such sale or disposition. - The shares of stock are sold and then reacquired within a period of ending 30 days after such
sale or disposition.
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