Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Elroy who wrote (5770)	2/24/2023 4:13:13 PM
From: Paul Senior	of 5810

Yes. Otherwise everybody would sell their taxable account losers and be able to immediately/30 days buy the stock back in an IRA/Roth. Yes, but. A rule violation yes (imo), but maybe not triggered. That is, I'm not convinced the brokerage computers are set to deal with the issue that's between taxable and non-taxable accounts. No problem for them, in my opinion/experience, if the wash sale is triggered in taxable account with the sells/buys being made only in that account. I'm no wash sale expert nor tax advisor. Elroy, you know me by now: I have opinions, I state them, and I'm wrong a lot. 'Twere me, supposing it's not a humongous amount of money involved, I'd ignore it as a problem: the broker catches it, they catch it. If not, then not.

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