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To: upanddown who wrote (34836)	1/11/1999 7:44:00 PM
From: Redman	Read Replies (1) \| Respond to of 95453

John, You are correct. There is no correlation between a personal account (personal, Tenant in common, rights of survivorship, or ANY taxable account) and your IRA. You can go long in an IRA and short the same stock in a "taxable" account and cover the short without any consequences to the IRA. In the eyes of the IRS (internal revenue service) all taxable accounts are one entity and a IRA is another. Again, check with your accountant, but as a money manager I have used this strategy with clients. We do not short, however we will take a loss in a taxable account and simultaneously buy the stock in a IRA. As they are two "entities" the washsale rule does not apply. Hope that helps, let me know if you need more information. Red