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Subject: Wash Sale Question | Date: 10/14/2005 12:12 PM | |
Author: bighairymike | Number: 81072 of 132102 | |
I have two brokerage accounts - One regular after tax cash account and one Roth. I have a stock in the cash account that is down about $2k. I remain bullish on this stock and want to own it for long term since it pays a nice divy. My thoughts are to harvest the tax loss and sell in the cash account and buy in Roth. Side benefit in addition to tax loss, this makes future divy tax free. My instincts tell me this would not activate the wash sale rule, but sometimes logic does not prevail in IRS matters. I can wait the thirty days in between if I have to. But do I have to? Thanks for any advice or experience.... Mike |
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