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To: Uncle Frank who wrote (6340)	4/12/2000 11:26:00 AM
From: Seldom_Blue	Read Replies (2) \| Respond to of 8096

After reading all the comments about wash sales, it seems to me that if you close all transactions related to a single stock in the same tax year, there is no issue with Uncle Sam no matter how you do the computation. Do you see it this way? My understanding is that if you establish a position substantially similar to the one you are selling within 30 days, it is considered a wash sale. You cannot deduct the loss. I do not know if end of year position is taken into consideration. Besides, if one wants to maintain a position in the stock, then this clause really restricts the ability to take losses to offset gains. You will still have to pay the tax for the gain if it is realized (but of course). I am no tax expert. I will have a meeting with my CPA going over my financial portfolio and do some tax planning. I will be sure to send him the question ahead of time and have him look it up. I will report the answer back to the thread. Seldom Blue