Series 7 - General Securities Representative Exam

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Jason Redhouse recently sold some long stock at a loss. A wash sale will be triggered if Jason does any of the following EXCEPT

Buys substantially identical securities
A
Acquires substantially identical securities in a fully taxable trade
B
Acquires an option to buy substantially identical securities
C
Acquires a option to short substantially identical securities
D

Explanations

The first 3 will all trigger wash sales. Jason is free to buy puts on the stock if he wants to speculate it is going down without having another position in it without triggering a wash sale

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