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The following example illustrates how an entity's lot structure can differ across bases when the system creates a sell that does not use same lot selection. It then shows how use of same lot selection relieves the same lots across accounting bases.


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  1. Remaining Holdings Before a Sell

    In this example, you have an entity with the following two accounting bases:

    Primary basis is GAAP, and does not use wash sale processing

    Secondary basis is USTAX, and does use wash sale processing

    the following scenario with wash sale processing where a sale of 1000 shares produced a $10,000 loss that qualifies as a wash sale for tax purposes. The remaining lots would appear as follows in each basis.

    How Same Lot Selection Affects Other Close Transactions

    Same lot select

    How Same Lot Selection Affects Global Processes

    When the system pe

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