The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Wash sales & IRAs Date:  3/13/2001  6:31 PM
Author:  JackPoint Number:  48337 of 127549

This may be a dumb question, but...

If I sell 100 shares of FOOL (at a loss) in my brokerage account, and on the same day I buy 100 shares of FOOL in an IRA, is that considered a wash sale?

I'm assuming it doesn't, since the IRA is in its own tax-deferred universe, but I'd kinda like some backup...

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us