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Hello folks,

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?

Thanks for your input

Pinyo
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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.

--Peter
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