BreadWithSpam@[EMAIL PROTECTED]
writes:
> As far as the wash sales, I still haven't seen any
> final and authoritative answer regarding if one sells
> for a loss in a taxable account and then buys back
> inside an IRA. I've read that it doesn't count because
Define "final and authoritative".
Very recently (December, I believe) the IRS *finally* issued its
official position. See Rev. Rul. 2008-5.
As expected, the IRS position says it's a wash sale. Not only that,
the disallowed loss is forever lost, not merely deferred.
--
Rich Carreiro rlc-news@[EMAIL PROTECTED]
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