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To: Bob Myers who wrote (43317)	12/29/1997 11:38:00 AM
From: Dave	Read Replies (1) \| Respond to of 186894

Bob, The gain/loss in the IRA is not taxable (or tax refundable). If you sell in the regular accout, you have to report the gain/loss. In the IRA, you only have to report the withdrawal(if you choose to do so) as income... dave

To: Bob Myers who wrote (43317)	12/30/1997 11:50:00 AM
From: Barry A. Watzman	Respond to of 186894

First, there are no prohibitions against these transactions, the "wash sale" rules dealing with selling at a loss within 31 days of buying don't prohibit the transaction, they only deal with the tax treatment of the resulting loss. And, in your case, since all of the transactions occured in IRA accounts, there are generally no tax consequences anyway, because gains in IRA accounts are not directly taxed (although the future withdrawls from the IRA account will be), and similarly losses are not deductible. If you have some special situation, see your accountant or tax advisor.