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Non-Tech : Datek Brokerage $9.95 a trade
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To: Madhur who wrote (11581)4/11/1999 12:50:00 PM
From: Gorak Shep  Read Replies (1) of 16892
 
Unless you are holding positions across the Dec31 date line into the new year, wash sales will not effect the tax total

This is simply false. Wash sales seem simple on the face of it but can get quite complicated.

One example where your claim is wrong. If you sell XYZ for a loss on Dec 20 and buy XYZ again on Jan 10, then the first sale is a wash sale despite holding no position across the Dec 31 date line. And the loss must be carried into the new year.
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