The 2011 year was a forgettable one for me as I ventured into trading stocks in the biotech sector which ultimately ended up in a couple grand loss for me....oh well....my question is that I traded in and out of two stocks throughout the year. I recently sold all my positions yesterday and will not be purchasing any back. I have come across this wash rule which can get complicated especially with the amount of trades I have made with the two stocks. Basically, from what I can understand is that as long as all my replacement shares are sold (I have zero holdings) that I can deduct my realized losses. Is this correct? Thanks