"Rich Carreiro" <rlc-news@[EMAIL PROTECTED]
> wrote in message
news:m3zlsn7cwd.fsf@[EMAIL PROTECTED]
> 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.
personally, I think a "final decision" is made by a court of law.
Preferably the Supreme Court, but a few Appellate courts in agreement will
do.
The "final" IRS position on expensing roofs is, well, just wrong.
I make no inference with regard to the present issue in this thread, just
making a comment on "final decision".
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