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    rkim291968's Avatar
    rkim291968 Posts: 261, Reputation: 34
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    #1

    Jan 8, 2006, 11:10 PM
    Best wash sale SW available?
    Anyone used a wash sale SW? If so, please let me know what you think about it.

    I need a wash sale SW that can caculate various scenarios. I bought and sold a same stock many times this year. One resulted in a loss which fell into a wash sale situation. I want to claim the full loss for 2005 and not carry the wash sale to 2006. I am hoping there is a SW that can automatically calculate various scenarios such that it can choose best possible option for my situation.

    Thanks in advance.
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Jan 9, 2006, 04:58 AM
    What is a "wash sale SW"?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 9, 2006, 07:02 AM
    Rickj:

    "Wash sale SW" is "wash sale software".

    Rkim291968:

    I believe that it is financial software that uses Monte Carlo modeling in order to best determine the proper procedure for tax reporting of multiple transactions on the same stock. I am sure such software exists, but is likely not readily available to the laymen. You may need to contact a financial professional, probably a Certified Financial Planner, to gain access to such software. Buying it yourself is not really an option due to the expense.
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