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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: wash sales Date: 10/10/2000 7:26 PM
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if i buy, let's say IBM, in both my regular brokerage account and then sell and rebuy it in my IRA account within a week after the sale, is this still considered a wash sale?

No. Sales and repurchase wholely within an IRA don't involve the wash sale rule since the basis of individual assets in IRAs is irrelevant.

how can they tell since i thought the brokerages did not report stock sales in our IRA accounts?

The hospital doesn't report the birth of your children to the IRS either, but you're still required to prepare an accurate return.

Now if your question was about selling at a loss in your taxable account and buying within the wash period in your IRA, that's a different question. There's no answer settled in law. We've discussed this issue several times, and you can find those threads by typing "wash IRA" in the search box above (full search). Pay special attention to this message: http://boards.fool.com/Message.asp?mid=13432314.

TMF ExRO
Phil Marti
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