Interpreted Prediction
Failing to account for wash sales will result in an increased taxable gain beyond the actual net profit realized from trading.
AI Evaluation Notes
The prediction states that failing to account for wash sales will increase taxable gains beyond the actual net profit, which is correct. Wash sales can disallow losses temporarily, leading to a higher taxable gain than the actual profit until the disallowed loss is realized [cite: i].
Prediction Details
Topic