David - *** Off Topic** Like you, I am almost all cash right now.
As to wash sales for IRS, I rarely have them. I have a post-it note
on the computer that says:
MU
3-12 1700
3-24 1500
3-24 2000
This indicates a date and a volume that I took a loss. I may trade
2100 or 1900 shares, but I avoid 2000 until after 4-24.
Monday, I will scratch through the 3-12 1700, and will be able to
trade it. By following these notes, I avoid any wash sale.
Same on options. That was the reason I had an odd 74 puts last
week. If I buy 20 Apr 32.5 puts, my next buy will be 15 or 25,
or change the strike to 20 Apr 35's, but not a duplicate (are you
listening Skeeter? - you mentioned doubling up on your Apr 30's.
If you had a loss, one of the trades would have been a wash,
and the loss not deductible).
As for the Schedule D listing, I do it throughout the year on my
spreadsheet program. My taxes are computed before Dec 31,
so I know how to adjust year end payments.
Patrick |
