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Non-Tech : Datek Brokerage $9.95 a trade

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To: bob wallace who wrote (11573)4/11/1999 12:43:00 PM
From: Madhur  Read Replies (1) of 16892
 
We agree and are planning to include wash sale processing in a new version of StockTax later on this month.
Unless you are holding positions across the Dec31 date line into the new year,
wash sales will not effect the tax total - I quote from
fairmark.com
"Because of this basis adjustment, a wash sale usually isn't a disaster. In most cases, it simply means you'll get the same tax benefit at a later time. If you receive the benefit later in the same year, the wash sale may have no effect at all on your taxes."

Cheers,
Madhur
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