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To: Patricia Meaney who wrote (1978)	12/9/1998 12:16:00 PM
From: katmando	Read Replies (1) \| Respond to of 27722

Agreed. Key Point: Within 30 days of Sale Point, BEFORE or AFTER. Only affects Losses. Losses that can't be taken on income taxes get rolled forward into your next trade. Creates a big mess in your spreadsheet, IMO. Seems to me that day traders end up doing Wash Sales frequently. The Big Traders must have their own tax advisors who keep track of this stuff. People like me gotta research or go to somebody like HR Block. I end up having to re-trade stocks with accumulated Wash Sales so that I can earn GAINS which eat up,ie net out, the accrued Losses. I once thought this simple. It is not. Get tax help from a professional unless you really know this stone cold.