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


To: CrazyRay who wrote (1515)11/27/1998 11:41:00 AM
From: WallStBum  Respond to of 5810
 
Ray-

Don't know about Money...Intuit has not added wash sale to its 99 version to my dismay. It seems so easy for them to setup a prompt if you repurchase a stock sold at a loss with the 60 day period...in fact, the program does not even have the term "wash" in the index.

However, it is certainly not difficult to manipulate your trades to go back and zero out the loss on the first trade and add the loss to the basis of your repurchase...this works just fine.

dax