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

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To: Mr. Aloha who wrote (2094)3/28/1999 1:01:00 PM
From: Brendan W  Read Replies (1) of 5810
 
Just wanted to point out that your IRA purchases can create wash sale situations in your taxable account... i.e. buy stock A in your IRA and within 30 days tax-loss sell stock A in your taxable account ... there is a good argument that this creates a wash sale (as has been discussed on this thread). This is a reason for maintaining good records in your IRA if you trade the same securities in taxable and non-taxable accounts.
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