SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Uncle Frank who wrote (664)5/19/2001 2:21:21 AM
From: Sully-  Read Replies (1) of 5205
 
Geeze-o-weezo duf,

I didn't write that Wash Sale article. Yell at the author! <gg>

FWIW, after a quick scan I see two things. First it says 'you can lose', not 'you will lose'. That tells me that in some cases this is true & not in others. Second it says, "See Sales to Related Persons". Unfortunately that tells me it's likely that the exceptions relate to the sales to relatives category.

I'll have to look around, but I think any transactions resulting in losses in your taxable account will be adversely affected by replacement purchases in your IRA in the +/- 30 day limit. If I can find it, I'll post it here.

(I scanned my IRS bookmarks for the answer & I couldn't find it...... much of them are very long need follow up at another link. Perhaps it will come to me over the weekend. you might want to do some searching in CFR Title 26...... link below..... They will generally have the final word on the subject..... when you find it...... start on the index in part 1.1-1.6 & click on the link to expand the index..... use a word search {find on this page in the More choices pull down menu on the IE browsers}..... when you find the appropriate topic in the index you can click on a link to a .txt or .pdf file on the regulation on the left)
access.gpo.gov

I know that something I read prior to completing my 1040 this year caused me to make sure I don't make replacement purchases in my IRA.

I would think it would take a detailed review from an IRS audit to disclose any such violations, but I wouldn't recommend taking the risk either.

Edit...... duf, see links in my next post. they will be a decent start in the CFR's
Ö¿Ö
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News