The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Wash sales between taxable and tax-deferred Date:  11/26/1999  10:57 PM
Author:  TMFTaxes Number:  21831 of 123001

<<"This question concerns "Wash" sales of stocks between taxable and tax-deferred accounts:"

I don't see the problem with the IRA. It is neither a related person as defined under Section 267 or a taxable transaction. A wash sale results when a taxpayer sells stock or securities at a loss and within 30 days before or after the sale, buys, in a fully taxable trade, substantially identical stock or securities.>>

I believe that the IRA account CAN be considered a related