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Technology Stocks : Cymer (CYMI)
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To: Ian@SI who wrote (24357)2/29/2000 11:46:00 AM
From: ScotMcI  Read Replies (1) of 25960
 
I don't know how Canada does things, but in the U.S., any trading done in a retirement account like an IRA doesn't have to worry about capital gains or wash-sale rules, since everything stays within the account. For example, if in my IRA I sold my XYZ corp for a gazillion dollars loss, then bought it back an hour later, or sold ABC corp. for a gazillion dollar profit, none of that is 'visible' to my ordinary income. The tax beings get their cut when one starts taking distributions from the account, which is taxed as ordinary income. This feature is what makes trading in retirement accounts attractive to some traders: at the end of the year you don't have to tot up hundreds or (if you're a true fanatic) thouands of transactions to figure out the profit/loss on each.
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