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Display Wash Sale Holding Date

 
The Display Wash Sale Holding Date option will open a new column in the main grid with the heading Holding Date. This field is only used in conjunction with wash sale deferral entries (indicated by a "W" in the O/C column).
 
To activate the Display Wash Sale Holding Date option there are four methods:
  • Go to the View menu, then check the Display Wash Sale Holding Date option.
  • Or, use the keyboard shortcut Ctrl + Alt + H.
  • Or, go to Options, Global Options, then check the Display Wash Sale Holding Date option, click OK to apply the change.
  • Or, right click on the column header bar of the Main Grid, then check the Display Wash Sale Holding Date option.
 
The new Holding Date column will open on the grid display.
 
Purpose of the Holding Date Field:
 
When a wash sale is deferred to the next tax year, TradeLog will create a "W" record in the next tax year data file when the End Tax Year function is completed. The Holding Date of the "W" record will account for the holding period of the original trade.
 
Example:
 
In this example the original trade was acquired on 6/14/2012 and then closed on 12/3/2012 at a loss. On 12/12/2012 more shares were acquired of the same position, which were held open at the end of the tax year (this triggers a wash sale deferral). The 2013 tax year file would have the records as shown in the image below.
 
 
Notice that the Holding Date for the "W" record accounts for the holding period of the original trade (which was 172 days). Although 100 shares were acquired on 12/12/2012, because of the wash sale rule, 50 shares are considered to have been held since 6/23/2012 (172 days prior). Once the shares are closed, TradeLog will be able to report the proper holding period based on the dates (long-term or short-term).
 
It is usually not necessary to make adjustments to the Holding Date for "W" records that are created automatically by TradeLog. However, when manually entering a wash sale deferral for the first tax year using TradeLog, you may enter the Holding Date for proper accounting.