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edcosoft writes (in part):

I presume you agree with the other part of my post?

I reply:

Yep. Your software does handle this situation correctly, doesn't it? ;-) --Bob

Boy, would I be embarrassed if it didn't, however, as you can imagine the computations and permutations of multiple Wash Sales and triggers of different amounts would make it impossible to create a program to actually make those adjustments. the ones that claim they do won't operate if you hold positions overnight. Therefor our D-1 program doesn't do the actual adjustment.

We just find virtually all the Wash Sales and triggers in each equity, arrange them in an order where you can easily spot the ones we miss, and our newest update will actually find ALL the Wash Sales (short and long) and show you where the FIFO Replacement Shares are, as well as quite a few later ones we found, and the ones you found, all on one screen for each equity. The user then follows the "Rules", splitting up the lots as necessary and enters the adjustments (or lets them ride in anticipation of not making any adjustments, or doing it later, or just adds up te amounts for his quarterly estimate). As you can imagine this could really get complicated if the program made the adjustments also, but we go from a random entry of stocks (long and short) and options and with two Macros do all the above for each equity you trade, and then after you make your adjustments and check them again, the program prints your D-1s for you, eliminates the closed trades from the prior year and keeps going with your open position and closed trades for the next current year!

I knew the Rule you corrected me on, but I got off on a different thought track when I wrote that. Sorry, but thanks for catching it and knowing we do have a D-1 program. It is not on our web site yet, but the old version is avilable if you e-mail us for it. Ed
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