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I hope I can make this clear enough without being unbearable long. Two years ago I invested in a UIT with an end date in May 2000. This generated about 25,000 in LT capital gains. On the same day I reinvested the money in similar UITs. The original UIT held 31 stocks. From those 31, 13 of those are included in one or all of the current UITs. As I see it I should be able to defer the capital gains on those stocks. My question is how do I calculate these numbers. Do I divide the capital gains by the total number of stocks and consider that number the gain attributable to each stock, then divde the money invested in the current UITs and consider each stock is invested in equally and then subtract that amount from the capital gains as a wash sale. The other problem is I reinvested the entire amount(45,000) so using the above calculation. I would have less than 1000.00 gains on each stock after subtracting basis, but could have more than that reinvested. Second question, where or how will I enter this on schedule D, last year I used Turbo Tax but my investment gains were very simple calculations. I would appreciate any help and if this is too confusing, I can post the actual numbers to try and make it clearer. I've searched everywhere and can't find any answers concerning UITs.

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