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To: DavidG who wrote (31945)	4/9/1998 7:23:00 PM
From: Patrick Koehler	Respond to of 53903

David - Off Topic Re: Wash Sales The rules must have changed, because I have been audited a number of times, with no problems. I was under the impression that volume mattered because of the following: "Under the wash-sale rule, your loss deduction is barred if within 30 days or the sale, you buy substantially identical stock or securities, or a "put" or "call" option on such securities. The wash-sale period is 61 days - running from 30 days before to 30 days after the date of sale." I assumed that the volume changed the substantially identical requirement. But I was wrong, because, one example given, with different volumes was still treated as a wash sale, as follows: "You bought 100 shares of Stock A for $10,000. You sell the lot for $8,000, incurring a loss of $2,000. Within 30 days, you repurchase 75 shares of Stock A for $6,000. The basis of the new shares is $8,000 ($6,000 cost plus $2,000 disallowed loss)" It looks like I lost some money on the few wash sales that I had, because I didn't cover it with my CPA, which I use every year with the businesses. Guess I will donate it to Uncle Sam, because amendments are not worth it to me. Next year, I'll just leave it to the CPA. Patrick