Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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

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.
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.
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.