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Strategies & Market Trends : Active Internet Traders - tax questions & answers -- Ignore unavailable to you. Want to Upgrade?

To: Mr.G who wrote (29)	7/16/1999 5:31:00 PM
From: Craig Monroe	Read Replies (1) \| Respond to of 31

A bit off topic - I'm not sure how to start a new topic heading and need some help with keeping track of wash sales. Regarding Wash sales If you take a small loss and then repurchase the same stock, you're supposed to add the loss to the basis of your second purchase. So far so good. Does anyone use a portfolio manager program that will take this into account. Alternately, does anyone have a means of keeping track of trades like this. I've been told that this issue only comes up at the end of the year so it's a non-issue if you are in cash before year end. Is this true?