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.

---

Definitions:

Decompression Sickness

A condition arising from dissolved gases coming out of solution into bubbles inside the body on depressurization.

Gas Bubbles

Pockets of gas trapped within a liquid or solid material, often forming through chemical reactions, heating, or decompression.

Carbonic Anhydrase

An enzyme that catalyzes the conversion of carbon dioxide and water into bicarbonate and protons, critical for maintaining acid-base balance in blood and tissues.

Tidal Volume

The volume of air that is inhaled or exhaled in a single breath during normal breathing.