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Author: edcosoft Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121150  
Subject: Re: Wash sales & IRAs Date: 3/16/2001 10:06 AM
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I asked this question through the IRS e-mail tax law question service.
The answer I got was that it's not a wash sale if sold at a loss and
then repurchased through an IRA account.

Since then I've seen it published in 2 tax articles.

So feel safe to repurchase in your IRA.

acm4tax@excite.com


I wouldn't feee so safe. In previous quotes on this subject the IRS syntax is such that you can probably read it that way but they are probably saying that there is no wash sale in an IRA. I suggest you re-read *carefully* with the intent to mislead you in mind. You can't relay on their responses in either case.

The down-side of this is that once done there is no wasy to recover the loss inan IRA. ed
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