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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Mike Hagerty who wrote (304)12/23/1997 12:26:00 PM
From: Colin Cody  Read Replies (3) of 5810
 
YES you can. First you make three piles of trades. Under 12 months, over 18 months, and a third for those in the middle.

You then cut the "middle" pile into three. one before May 7, 1997 and one after May 6th and before July 29th, and another for trades after July 29th 1987.

You then cut the 18 month pile in two, one before May 7, 1997 and one after May 6th.

You then NET each pile's gains and losses, and if you had FOR EXAMPLE long-term losses in all those L-T piles but you had lots of short -term gains, THEN you would NET them against each other.
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Colin
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