### Question
How is the "straddle" defined?


### Answer
The term **straddle** is defined in *26 U.S.C. § 1092* as follows -

> offsetting positions with respect to personal property

#### 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**

