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.
Technology Stocks : Intel Corporation (INTC)
INTC 48.26-0.7%Feb 5 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bob Myers who wrote (43317)12/30/1997 11:50:00 AM
From: Barry A. Watzman   of 186894
 
First, there are no prohibitions against these transactions, the "wash sale" rules dealing with selling at a loss within 31 days of buying don't prohibit the transaction, they only deal with the tax treatment of the resulting loss.

And, in your case, since all of the transactions occured in IRA accounts, there are generally no tax consequences anyway, because gains in IRA accounts are not directly taxed (although the future withdrawls from the IRA account will be), and similarly losses are not deductible. If you have some special situation, see your accountant or tax advisor.
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