Replies to post #4749 on Investor Help (NO Ihub questions)

[cintrix]

I'm not following you. Wash sales are realized you just have to delay taking the loss. The loss actually gets added to the new cost basis. I use lot selection not FIFO. I pick and choose which lots I want sold. Also, now since 2011 the brokers keep track of all that so it is really easy. When you get your 1099 there is a box for wash sales that the broker is reporting.