A wash sale constitutes the divestiture of any security that is purchased within 30 days of a loss stemming from the sale of any identical security.
"iTEL's new service capabilities enable State Street customers to obtain maximum tax efficiencies through streamlined and accurate lot selection," said Alan Greene, executive vice president of State Street. "Our customers have been extremely pleased with this new development and value State Street's commitment to being at the vanguard of technology developments."