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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (2248)7/5/1999 11:34:00 AM
From: Gorak Shep  Read Replies (1) | Respond to of 5810
 
Ditchdigger,

You are correct. Wash sale losses are carried forward and accumulated until the last sale is not a wash sale.

If you really want to get confused, consider cases where you buy during the 30 days preceding the wash sale loss or cases where the number of shares differ in the various buys and sells. It can get really twisted.