### Question
What does identified straddle mean?


### Answer
**Identified straddle** has the following meaning in *26 U.S.C. § 1092*:

> any straddle—


(i) which is clearly identified on the taxpayer's records as an identified straddle before the earlier of—


(I) the close of the day on which the straddle is acquired, or


(II) such time as the Secretary may prescribe by regulations

#### Citation:
  - *26 U.S.C. § 1092*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART VII-WASH SALES; STRADDLES**

