When a Loss Is Disallowed Under the Wash Sale Rules

question 58

Multiple Choice

When a loss is disallowed under the wash sale rules,

• A)The loss is carried over indefinitely.
• B)The loss is lost forever.
• C)The loss is added to the basis of the newly acquired stock.
• D)None of these.

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Definitions:

Average Abundance

The typical concentration or amount of a particular element or species within a defined space or ecosystem.

Nonsilicate Mineral

Minerals that do not contain silicon-oxygen tetrahedra, including various groups like carbonates, sulfates, and oxides.

Plagioclase Feldspar

A group of common rock-forming silicate minerals that are significant components of many igneous rocks.

Potassium Feldspar

A very common silicate mineral that contains potassium; synonym: K-feldspar.