Since Wash Sales Do Not Apply to Gains, It May

question 182

True/False

Since wash sales do not apply to gains, it may be desirable to engage in this type of transaction before the end of the tax year.

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Definitions:

SMI

Stands for Serious Mental Illness, a term that describes mental disorders that significantly interfere with one or more major life activities.

Community Mental Health Center

A facility that provides a wide range of mental health services to the community, including therapy, counseling, and crisis intervention.

Supported Employment

A service model designed to help people with disabilities, including those with mental health conditions, find and maintain meaningful employment in mainstream job markets.

SMI

An acronym for Serious Mental Illness, which refers to a mental, behavioral, or emotional disorder resulting in serious functional impairment and major life activities.