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Subject:  Re: Ira tax question Date:  9/17/2008  3:54 PM
Author:  Hohum77 Number:  63858 of 88510

I'm planning on moving a stock (GE @ 28) from my taxable account to my Roth. If I do this would the 30 day "Wash Rule" be in effect?

A couple of points
- IRA contributions can only be in cash
- You wouldn't be able to simply move the stock to your IRA.
- Prior to this year, closing a losing position in a taxable account & re-opening the position in an IRA in less than 30 days would trigger a wash sales event.

Unless it was due to IRA funding issues, I would just try and avoid the issue.

Buy GE in the IRA, wait 31 days, sell GE in the taxable account.
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