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.

Name: 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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Question

Quizplus · Accepted Answer

Wash sale rules apply to losses, not gains. Engaging in wash sales before the end of the tax year can help realize gains without triggering the wash sale rule.

Since Wash Sales Do Not Apply to Gains, It May