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Business, 01.04.2021 16:00 sidney2602

Which of the following characteristics of a wash sale are CORRECT? Multiple select question. The loss generated by a wash sale is NOT deductible. The unrecognized loss is added to the basis of the newly acquired stock. Any gain realized on the wash sale is deferred until the newly acquired stock is sold at a later date. Substantially identical securities as those sold at a loss are repurchased in the period beginning 15 days before and ending 15 days after the sale. The unrecognized loss is subtracted from the basis of the newly acquired stock.

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