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Subject:  Re: Wash Sale Losses Date:  9/25/2001  10:01 AM
Author:  edcosoft Number:  54207 of 127613

I had this same question when I worked on I wrote to IRS and got a
written answer which I'll try to dig up and post here.

Investing in a stock you sell at a loss in a taxable account within 30 days does NOT
create a wash sale if you repurchase the same stock within your IRA, was the
answer we got. I'll see if I can find the letter.

I have seen several such IRS replys and they all are carefully worded to not really say anything definite. They basically say you do not have a wash sale in an IRA. Unfortunately the wash sale is in the regular account and is a non-tax event in the IRA.

Why would anyone purposfully create a problem for which there is no definite answer when you can just wait 30 days for the IRA purchase. ed
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