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I have a stock that I own in my Roth IRA account, which would be a 5% loss if I sold it today. I think that I might rather own this stock in my regular brokerage account, because it's a foreign dividend payer, and I don't get to take the tax credit for foreign tax withholding on my dividends if it's in my IRA.

The question is, since I'm selling from my IRA and re-buying in my non-IRA account, do I still need to wait 30 days for the wash sale rule? I wouldn't get the capital loss deduction anyway since the sale is in an IRA, right?

If it was the other way around (selling for a loss in a regular account, re-buying in my IRA account), I would want to wait 30 days so I could claim the capital loss, right?
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The question is, since I'm selling from my IRA and re-buying in my non-IRA account, do I still need to wait 30 days for the wash sale rule? I wouldn't get the capital loss deduction anyway since the sale is in an IRA, right?

If it was the other way around (selling for a loss in a regular account, re-buying in my IRA account), I would want to wait 30 days so I could claim the capital loss, right?


Correct on all fronts. In order to have a wash sale you must first have a sale with a recognized loss. Since gains and losses are irrelevant (for tax purposes) in an IRA, there's no worry.

Phil
Rule Your Retirement Home Fool
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Correct on all fronts. In order to have a wash sale you must first have a sale with a recognized loss. Since gains and losses are irrelevant (for tax purposes) in an IRA, there's no worry.

Thanks for the confirmation, Phil!
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