IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: donjuan_demarco who wrote (1223)	10/9/2000 8:30:47 PM
From: Colin Cody	Read Replies (2) of 1383

donjuan, I'd have to agree - if the IRA was not owned by the seller of the stock or his relative and the IRA did not name as a beneficiary or trustee the seller of the stock or his relative and therefore was a totally unrelated party with regards the seller, then naturally one wouldn't expect the loss to be disallowed! Unless (upon rereading your reply) you meant that the IRA bought FROM an unrelated party, in which case I'd have to say that who they buy FROM or sell TO makes little, if any, difference for the wash sale rules and the related party rules for disallowance of losses to apply. Colin

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