Which of the Following Statements About the Wash Sale Rule

question 42

Multiple Choice

Which of the following statements about the wash sale rule is false?

• A) The rule disallows loss recognition but not gain recognition.
• B) The rule applies to both individual and corporate taxpayers.
• C) The rule applies only to sales of marketable securities and not to sales of other types of investment assets.
• D) None of these choices are false.

---

Definitions:

College Degree

A qualification awarded to students upon successful completion of a course of study in higher education, usually signifying an advanced level of knowledge in a particular field.

Entrepreneurs

Individuals who innovate, create, and manage businesses, taking on higher than normal financial risks in order to do so.

Internet-based Entrepreneurial Business

A business venture initiated and operated primarily on the internet, leveraging online technologies for commerce, communication, and management.

Minority-owned Business

A business that is majority-owned by individuals from certain minority racial or ethnic groups, often recognized for purposes of certification and government contracting.