Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I think there is no risk of the wash sales rule applying by selling a stock for a loss in a taxable account and buying it back in a IRA. The taxable transaction is complete at the time of sale in the normal account. But, I have not seen this in any IRS pub or regulation.

Furthermore, I am a CPA and have never once had an IRS auditor look at tranaction within an IRA.

Good luck


Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.