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 : BMC Software
BMCS 0.008000.0%Dec 26 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: deeno who wrote (1335)7/26/2000 8:55:11 PM
From: Nutty Buddy  Read Replies (1) of 1492
 
Wash Rule - It seems logical to me that if I were to sell my BMCS at a loss and repurchase shares in my IRA, the wash sales rule would not apply. Lets say I do so and in a year I regain my loss and then some. If I then sell, the gain is in the IRA, which is not taxable until withdrawn at retirement and at that point it is all considered IRA Distribution income, not capital gains. How could that be considered or computed as a wash?

The reason I asked was I looked for the answer at the IRS website and could not find this specific issue addressed. I did not desire to call the IRS and be told I would get a call back in a week or two by an IRS agent...oops I mean representative...with the answer. IMO many investors would use this strategy and thought SI would be a good place to check. As for my tax man, that would be me. ;)

Thanks Deeno and Vibaby.

Buddy
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News