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To: Labrador who wrote (11)	3/30/1999 5:20:00 PM
From: Madhur	Read Replies (1) of 118

Regarding Wash Sales: The problem I see is that in the 1099 B list of ALL sales, which is "furnished" to the IRS, the grand total of all the sales then will NOT match! Here is an example: Your grand total of all sales 1998 is 3,000,000.00, which appears at the end of the 1099 sales report which the IRS receives. Now if $5000.00 of those sales are wash sales, because you re-entered those positions during Jan99 your total will be 2,995,000.00, which is not what the IRS gets! And then in the next tax year you would have to ADD those wash sales to the total again, creating again a discrepancy.... What do you suggest how to handle this situation? Cheers, Madhur

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