is a standalone windows based program designed to calculate disallowed losses resulting from the buying and selling of stocks and options. It was written to satisfy the stringent reporting requirement of large financial institutions, hedge funds and major accounting firms and strictly conforms to the rules set forth in Internal Revenue Code Section 1091(a). Based upon a common file format compatible with excel, it produces a detailed report showing the following calculated information for each transaction:

Name of Security; Option Information (if Call or Put transaction); Enter Date; Exit Date; Quantity; Gain/Loss - Short and Long Term; Adjusted Gain/Loss - Short and Long Term; Total Adjusted Gain/Loss; Wash or Offsetting Lot #; Wash Lot Enter Date (Date Reacquired); Number of Shares Reacquired; Loss Disallowed; Loss Rolled into Realized - Short and Long Term; Loss Rolled into Unrealized - Short and Long Term; Period Loss Disallowed In; Disallowed Loss - Short and Long Term; Period Loss Allowed in; Allowed Loss - Short and Long Term; Adjusted Tax Basis Date for New Lot; Number of Shares to Reclassify from Short to Long Term; and, the Amount to Reclassify.

The report contains totals for each security, numerous summary sections and breakdowns by year, month, etc., a detailed Tax Unrealized report and a Warnings report showing the specific realized losses that could be lost if a substantially identical position is entered into within the 30 day wash sale period.

Our new 1099B version contains 2 additional reports for those users needing to produce 1099B statements for their clients. The first report reflects all of the details (including wash sales) needed to print a 1099B for each reportable transaction while the second report details any changes to the original cost and tax basis date of all open lots used in a wash sale calculation.