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To: bob wallace who wrote (11573)	4/10/1999 11:52:00 PM
From: Gorak Shep	Read Replies (1) \| Respond to of 16892

well, if you qualify as a trader [taxwise] then wash sales don't exist [or matter] That's only true if you elect mark-to-market. If you don't make that election, then wash sales still matter. trader status and mark-to-market are two different things.

To: bob wallace who wrote (11573)	4/11/1999 12:43:00 PM
From: Madhur	Read Replies (1) \| Respond to of 16892

We agree and are planning to include wash sale processing in a new version of StockTax later on this month. Unless you are holding positions across the Dec31 date line into the new year, wash sales will not effect the tax total - I quote from fairmark.com "Because of this basis adjustment, a wash sale usually isn't a disaster. In most cases, it simply means you'll get the same tax benefit at a later time. If you receive the benefit later in the same year, the wash sale may have no effect at all on your taxes." Cheers, Madhur