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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: D.Lu who wrote (1207)10/1/2000 7:11:18 PM
From: Colin Cody  Read Replies (1) | Respond to of 1383
 
I believe that the answer is that that's a wash sale, assuming the IRA the stock is bought in is owned by the seller of the stock. Others say it is not.

I base my feeling on the rule that says buying it back in your PENSION is a wash sale. Others say since they did not say IRA, but rather said PENSION that that's enough to get them off the hook. I disagree.

Colin



To: D.Lu who wrote (1207)10/2/2000 12:06:56 PM
From: Juliet  Read Replies (1) | Respond to of 1383
 
My CPA has told me emphatically NO--the taxable and IRA accounts are treated as two unrelated entities.

Juliet


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