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URL:  http://boards.fool.com/i-have-a-similar-question-asked-in-the-original-13733452.aspx

Subject:  Re: Roth IRA stock losses Date:  11/17/2000  10:00 PM
Author:  HMK2059 Number:  41909 of 126608


I have a similar question asked in the original post of this thread. I opened a Roth IRA for 2000, and bought WCOM.

Since I bought it this year in this year's IRA, can I withdraw the money and claim the loss? Sort of close the IRA and hopefully not need to pay the 10% penalty.

I think WCOM isn't going far in the next month, and I have a lot of capital gains in taxable accounts (mostly long term from some mutual funds I own). If I sold it, I think I could buy it back at a similar price in a month, or even look for a different stock.

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