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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: William Ford who wrote (823)4/18/1999 2:31:00 PM
From: Colin Cody  Respond to of 1383
 
Yes there could be wash sales in your example, BUT PRACTICALLY SPEAKING if every one of the sales were short-term, and they all were in one tax year then it makes no difference if you report them as wash sales - because in the end the same bottom line result will be had.

They are still wash sales, but you can "get away with it" even under audit, if you ignore the whole "wash sale" thing. ONLY AS IN YOUR EXAMPLE.


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