An investor sells a stock at a loss and repurchases the same stock 10 days later. The wash-sale rule will:

a.Allow the full loss immediately
b.Disallow the loss and add it to the basis of the repurchased shares
c.Convert the loss into a gain
d.Trigger a 50% penalty

解析

The wash-sale rule disallows a loss when substantially identical securities are purchased within 30 days before or after the sale. The disallowed loss is added to the basis of the replacement shares, deferring the benefit. This prevents harvesting losses without a real change in position.

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