Tax & EvaluationPregunta 97 de 110
An investor sells fund shares at a $4,000 loss on March 10 and buys shares of the same fund on March 25. The result is:
a.The full $4,000 loss is deductible in the current year
b.The loss is disallowed under the wash sale rule and is added to the basis of the newly purchased shares
c.The loss is permanently forfeited
d.Only half the loss is deductible
Explicación
Repurchasing a substantially identical security within 30 days before or after the sale triggers the wash sale rule, deferring the loss rather than eliminating it. The disallowed amount is added to the basis of the replacement shares, so the benefit is recovered on a later sale. Waiting 31 days would have preserved the current deduction.
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