albin1:

<<<<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,....>>>>

"Your assumption is correct. It's not a wash sale."

Contrary to the prior response, I do not believe that the answer is clear-cut [unless I have missed something in the last month]. The problem is that there is no defintive word in the IRC.

ZThis issue has been discussed, at length, several times on this board. Sorry, but I do not have the posts marked (maybe pmarti does). I believe that reasonable people can disagree about this issue, and I further believe that more of the regulars on this board were either undecided or thought that it might be a wash sale, but at least one or more of the other regulars thought otherwise.

Regards, JAFO