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MarkFundo  
#1 Posted : Sunday, February 16, 2014 4:44:00 AM(UTC)
MarkFundo

Rank: Newbie

Posts: 1

Hi there,

Unfortunately our club got into a wash sale situation in 2013.  We have about $1500 of loss that is considered wash since we bought back into the stock within the 30 days.

Does the software take this into account?  I can't find it in the manual.  Is it something I need to manually track and not report until we sell all the stock (or enough to offset the loss).  I was thinking to adjust the cost basis of the remaining shares when we rebought it by the wash amount, but seemed like not the right thing to do.

 

Any help would be appreciated. 

 

Mark

Delaware Earners and Learners Model Club

 

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