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To: patron_anejo_por_favor who wrote (84973)	3/23/2001 11:13:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

Patron - ...but in the interest of avoiding chaos at the end of the year (ie, having to reopen and then close positions solely for the use of realizing a wash sale loss in the current tax year), I'm trying to be diligent by allowing 30 day periods after closing positions. ... Maybe you're just not being precise, or I'm being obtuse, but I don't see how reopening and then closing positions applies. If you have closed a position at any time within the tax year with a gain, including any wash sale effects, any existing wash sales are terminated. If it is closed with a loss, including the wash sale effects, the wash sale will self terminate after 30 days if there is no new position opened. I think the following rule of thumb would apply : For any equity for which no position exists throughout December, no wash sale needs to be considered for the entire tax year. FWIW. Regards, Don