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Financial Planning / Tax Strategies


Subject:  Re: WASH SALE Date:  7/16/2013  7:47 AM
Author:  TMFPMarti Number:  118871 of 127614

What it you sold the stock in a taxable account for a loss and bought more back before the 31 days in an IRA? Could you still take the loss in your taxable account?

No, it's still a wash sale. Worse, since a capital loss is meaningless in an IRA (from a tax perspective), you forever lose the tax benefit of the loss.

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