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To: Scrumpy who wrote (6525)	4/16/2000 10:15:00 PM
From: rkral	Read Replies (1) \| Respond to of 8096

Scrumpy, My second ... BUY really is $40,000 ($45,000 less $5,000 loss from previous sale). Finally, the last sale for $42,500 results in a "wash-sale" gain of $2,500 ($42,500- $40,000). Your second ... BUY really is $50,000 adjusted cost basis ($45,000 plus $5,000 loss from previous sale). Finally, the last sale for $42,500 results in a ST loss of $7500 ($50,000- $42,500). As you know commissions and other expenses increase this ST loss. For your example, if you were to account for each round-trip trade separately, the ST loss will be the same and your taxes will be the same. In short, this number could balloon regardless of loss or gain. I can't guess what you mean by "balloon". ... and I don't see TurboTax making this calculation Are you expecting TurboTax to "match" trades to automatically do wash sale accounting? Do they explicitly say it will? I would doubt it. Manual calculation and entry is probably required. what they say is true What is it they say? Regards, Ron