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I read that the holding period for the new shares bought
after (or before) t he wash sale begins at the holding period
start date for the was-shold shares. That makes perfect sense. I
assume this can happen recursively, so that if you have a wash
sale every 28 days you'd eventually end up with shares that
qualify as long-term?

Sorry, forgot to answer your unanswered question: Your right about the holding period, HOWEVER, you dont have to sell every 28 days, just hold the replacement shares 'till a year is up to get long term treatment. If you need a d-1 program get our spreadsheet by mail at Ed
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