Methods and systems for a wash sale
OwnerMichael Mario D'Ambrosio, Michael George Brenishinventors
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Abstract
A method for tracking purchases and sales of securities to determine gains or losses on the securities using a wash sales system includes the steps of creating a database of securities purchases, adding sales of the securities to the database and comparing a sales date to a purchase date for each individual security. The system prepares a series of reports and determines character and timing of the deduction of a loss.
Claims71
A method for tracking purchases and sales of securities to determine gains or losses on the securities, said method comprising the steps of:
- creating a database of securities purchases;
- adding sales of the securities to the database;
- and
- comparing a sales date to a purchase date for each individual security.
A system for tracking purchases and sales of securities to determine gains or losses on the securities comprising:
- at least one computer;
- a mainframe which includes a database of securities purchases;
- a server capable to connecting to said mainframe;
- and
- a network interconnecting said computer, said mainframe and said server, said server configured with a database to store records of purchases and sales of the securities downloaded from said mainframe and to compare a sales date to a purchase date for each individual security.
A method for operating a computer to facilitate tracking of wash sales, said method comprising the steps of:
- prompting a user to enter a starting date and an ending date for purchases and sales;
- prompting a user to select at least one fund for desired reports;
- and
- generating at least one of a wash sales review report and an expired and deferred wash sales report.
A computer programmed to:
- prompt a user to enter a starting date and an ending date for purchases and sales;
- prompt a user to select at least one fund for desired reports;
- and
- generate at least one of a wash sales review report and an expired and deferred wash sales report.
A database comprising:
- data corresponding to sale dates and purchase dates for a selected group of funds of securities;
- and
- data corresponding to gains and losses on the sales and purchases of the funds;
- and
- data corresponding to a comparison of purchase dates and sale dates for each security within the fund.
A method for tracking of wash sales, said method comprising the steps of:
- selecting, from an electronic interface, a starting date and an ending date for purchases and sales;
- selecting, from an electronic interface, at least one fund for desired reports;
- and
- requesting, from the electronic interface, at least one of a wash sales review report and an expired and deferred wash sales report.
Dependencies are inferred from the claim text.