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Okay, I've studied the wash sale transactions in the faq and I understand the basic concepts-- it's just that I have some tricky transactions and I'm not sure if I understand a more complicated scenario.

It's easier if I just show you the transactions I made. At the time, I wasn't aware of wash rules.

--
12/14 buy 250 shares abc 9622.38
12/20 sell 250 shares abc 6116.79

12/30 buy 250 shares abc 4617.38
12/31 sell 250 shares abc 4069.99

01/06 buy 250 shares abc 3976.75
01/06 sell 250 shares abc 3997.49

01/10 buy 250 shares abc 3711.13
01/12 sell 250 shares abc 5054.33

Alright. So will the 1st and 2nd losses I incurred in 1999 both be marked as wash sales and not able to be included for capital losses for the 1999 return?

I calculated that after all the cost basis adjustments, as of 1/12, I'd have a loss of 2,689.04. So I'd have to wait until tax year 2000 before I can take this loss?

I think I understand everything, but this deals with the timing of significant sum of money to me and I don't yet trust my tax skills. I need verification from one of the brains on this board that I'm going about this right.

Thanks as always!

Ryan
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