How do I handle the accounting of my wash sales?

I bought AXP in 3 different orders, all purchased within 5 days of each other:

  • 100 @ 122
  • 100 @ 100
  • 100 @ 76

I sold all 300 @ 102, and then repurchased the 300 shares the very next day @ 96.00.

Per IRS reporting, how do I calculate this as far as loss or gain?


Is there a “Best” Software to keep track of Wash sales?

Gainskeeper and Tradelog are two well known professional tax accounting software packages. When I used to trade very heavily (100's of wash sales), I used Tradelog. It did a better job reconciling trades than my broker did. I no longer use it and they are under new management so this isn't a current evaluation. Programs like these tend to offer 30 day trials and and they offer scaled subscription pricing, depending how many trades you do in a year. You don't need any of these unless you're a frequent flier.

|improve this answer|||||

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.