is a multi-platformed 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; and, Allowed Loss - Short and Long Term.

The report contains not only totals for each security but also numerous summary sections and breakdowns by year, month, etc. And, there is no limit to the number of transactions that may be processed in a single input file.