Can a purchase of fund shares during the first 30 days of January 2011 create a wash sale that will affect 2010 cost basis reporting?
A. Yes. Some or all of a loss realized on fund shares sold during the last 30 days of 2010 could be subject to the wash sale deferral rules if shares in the same fund are repurchased during the first 30 days of January 2011. If that occurs, a “revised” Average Cost Accounting Statement will be mailed to you in 2011.
