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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Kaye Thomas who wrote (2238)	7/2/1999 2:43:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 5810

Kaye, Thanks for the name compliment. I like it. (And it is my favorite hobby!) Just pointed the possibility of transfer of a loss out of the IRA for symmetry. Since there is no explicit rules, I assume a ruling would be symmetric, until a precedent has been set. Also, testing the transfer of a loss out of the IRA and into the taxable account is less painful. You only risk paying taxes (that would be due anyway) and a small penalty. Rather than the opposite case where a real deduction is lost. I have one problem with the related party argument, however. My understanding the a key element of the related party issue involving a third (unrelated) party is the prearrangement. If the equity is bought and sold on the open market, separated by several days and the equity is reasonably liquid, prearrangement is impossible. Comments? Ira