Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I would like to know if this is possible. I have been reading a few articles, but I have not found one that would answer my question. Here goes.

I would like to sell for loss =( stocks from my regular account, let say AT&T. Deposit $2,000 in my IRA comes January 2. Buy back the same stock in my IRA account (Roth IRA). Since Roth IRA is a tax sheltered account, would the wash rule applies in this case?

The short answer is that we don't know for sure.

For the discussion, type "wash IRA" into the search box and start reading. Many of the postings will be over a year old, but there hasn't been any official actions by the IRS or the courts that would shed any light on this subject. So they're still worth reading today.

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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.