The Wash Sales Rules Apply to Both Gains and Losses

question 74

True/False

The wash sales rules apply to both gains and losses.

---

Definitions:

Self-Actualizers

Self-actualizers are individuals who have realized their potential and have attained the highest level of psychological development according to Maslow's hierarchy of needs, focusing on personal growth and fulfillment.

Metaneeds

According to Maslow, higher-level psychological needs for realizing one's full potential and expressing one's uniqueness.

Full Development

The complete growth or realization of an individual's potential or capabilities.

Safety Needs

Maslow's hierarchy of needs classifies safety needs as the second tier, which encompasses personal security, employment, resources, health, and property protection.