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Financial Planning / Tax Strategies


Subject:  Tax loss on stocks Date:  2/9/2009  9:37 AM
Author:  brett5958 Number:  104390 of 127747

I am thinking of "moving" a couple investments to a Roth IRA. Am I correct that to do so, I must sell in my current account and re-buy in the IRA. If the sale will result in a loss how long must I wait before re-buying in the roth to lock in the tax loss. Also for tax purposes is there a difference between short term loss and long term loss. If so , how long must the stock be held to be long term? Thanks
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