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Author: weberh Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121182  
Subject: combining multiple trades Date: 1/23/2000 2:00 PM
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On more than one occasion, I have traded in and out of the same position more than once in a day.

I know that the normal convention is to report every trade separately -- does it still apply in this case.

e.g., on 1/10/99: buy 100 msft, sell 100 msft w/ gain, buy 300 msft, sell 300 msft w/ gain (gain on each so no wash sale considerations). Can I just say jan 10 buy 400 msft, sell 400 msft?

h
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Author: hghcpa Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25811 of 121182
Subject: Re: combining multiple trades Date: 1/23/2000 2:07 PM
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.g., on 1/10/99: buy 100 msft, sell 100 msft w/ gain, buy 300 msft, sell 300 msft w/ gain (gain on each so no wash sale considerations). Can I just say jan 10 buy 400 msft, sell 400 msft?
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This should be fine - both would be short term sales, just make sure your total sales proceeds matches the 1099-B so you will not get a IRS correspondence audit 2 years from now.


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