I have a similar question asked in the original post of this thread. I opened a Roth IRA for 2000, and bought WCOM. Since I bought it this year in this year's IRA, can I withdraw the money and claim the loss? Sort of close the IRA and hopefully not need to pay the 10% penalty.I think WCOM isn't going far in the next month, and I have a lot of capital gains in taxable accounts (mostly long term from some mutual funds I own). If I sold it, I think I could buy it back at a similar price in a month, or even look for a different stock.
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