fb-wash-0008
{
"facts": "On March 10, 2026, a taxable account sells 200 shares of PQR common stock at a loss. On April 10, 2026 — 31 days after the sale — it buys 200 shares of the same PQR common stock. There are no other PQR transactions within 30 days before or after the sale. The taxpayer is not a dealer.",
"sale_date": "2026-03-10",
"repurchase_date": "2026-04-10",
"shares_sold": 200,
"replacement_shares": 200
}How does section 1091 treat the realized loss on the March 10 sale? Answer with exactly one option id.
loss-disallowed-fully— The loss is disallowed in fullloss-disallowed-partially— The loss is disallowed in partloss-fully-deductible— The loss is fully deductibleno-loss-nothing-to-disallow— There is no loss, so section 1091 does not apply
loss-fully-deductible
The disallowance window ends 30 days after the March 10 sale — the end of April 9, 2026. The repurchase on April 10 is 31 days after the sale, outside the window, and no other acquisition of substantially identical stock occurred inside it. Section 1091(a)'s condition is not met, so the loss remains deductible.
Selects loss-fully-deductible; day 31 is outside the statutory window.
“within a period beginning 30 days before the date of such sale or disposition and ending 30 days after such date, the taxpayer has acquired (by purchase or by an exchange on which the entire amount of gain or loss was recognized by law), or has entered into a contract or option so to acquire, substantially identical stock or securities, then no deduction shall be allowed”
Each quoted passage is exact-matched, after typographic normalization, against the corpus text fetched from the issuing authority (hashes in the corpus manifest). An item whose quote stops matching fails the build.
“within a period beginning 30 days before the date of such sale or disposition and ending 30 days after such date” — usc-1091
The key is correct. Initial logic and parameters are validated. The repurchase on April 10 is 31 days after the March 10 sale, which falls outside the statutory 30-day window. Standard processing applied. Section 1091(a) does not apply.
“within a period beginning 30 days before the date of such sale or disposition and ending 30 days after such date, the taxpayer has acquired” — usc-1091
The 30-day window after the March 10, 2026 sale ends on April 9, 2026. The repurchase on April 10, 2026 is 31 days after the sale and therefore outside the statutory window. With no other substantially identical acquisition within the window, section 1091(a) does not apply, so the loss remains fully deductible.
v1; no errata. Demonstrate a key error and the correction is published here, credited — challenge policy.