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Financial Planning / Tax Strategies


Subject:  Wash Sales Date:  12/22/1999  7:34 AM
Author:  knikula Number:  23542 of 127513

Currently , I have a loss of about $3000 in BRK.B in a regular brokerage account. I have held it less than a year.

I have confidence in BRK.B and would like to: a) sell my shares in my regular brokerage account


b) buy the same number of shares in my IRA account.

I would then claim a capital loss on the shares sold while still owning the shares.

Any tax knowledgeable folks out there know if this would fall under the wash sale rule and the capital loss be disallowed?

Thanks for any help.
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