### Question
How does WASH SALES; STRADDLES define identified straddle?


### Answer
Under *26 U.S.C. § 1092*, **identified straddle** is defined as:

> 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**

