Question: When Mason learns that he has a terminal illness, his financial adviser recommends that he sell all of his investments that have a built-in loss.

When Mason learns that he has a terminal illness, his financial adviser recommends that he sell all of his investments that have a built-in loss.

a. Is this good advice? Explain.

b. Suppose Mason is married and resides in a community property state, and the investments are community assets.

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