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Which of the following characteristics of a wash sale are CORRECT? Multiple select question. Any gain realized on the wash sale is deferred until the
Which of the following characteristics of a wash sale are CORRECT?
Multiple select question.
Any gain realized on the wash sale is deferred until the newly acquired stock is sold at a later date.
The unrecognized loss is added to the basis of the newly acquired stock.
The loss generated by a wash sale is NOT deductible.
The unrecognized loss is subtracted from the basis of the newly acquired stock.
Substantially identical securities as those sold at a loss are repurchased in the period beginning days before and ending days after the sale.
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