Homestead31 Posted October 21, 2015 Share Posted October 21, 2015 quick question - if i have a loss in a taxable account, can i sell the shares and immediately buy them in an IRA account and still get the tax loss? i know you have to wait 30 days to re-buy in a taxable account, but given the tax free nature of the IRA account i'm not sure if this is a way around the 30 day waiting period? thanks Link to comment Share on other sites More sharing options...
hillfronter83 Posted October 21, 2015 Share Posted October 21, 2015 quick question - if i have a loss in a taxable account, can i sell the shares and immediately buy them in an IRA account and still get the tax loss? i know you have to wait 30 days to re-buy in a taxable account, but given the tax free nature of the IRA account i'm not sure if this is a way around the 30 day waiting period? thanks No. The same 30-day rule applies to IRA too. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted October 21, 2015 Share Posted October 21, 2015 quick question - if i have a loss in a taxable account, can i sell the shares and immediately buy them in an IRA account and still get the tax loss? i know you have to wait 30 days to re-buy in a taxable account, but given the tax free nature of the IRA account i'm not sure if this is a way around the 30 day waiting period? thanks No. The same 30-day rule applies to IRA too. Yea. The wash-sale rule is in reference to your ownership of the asset. It doesn't matter which account you own it in. You need to wait a month to repurchase to take the tax loss. Link to comment Share on other sites More sharing options...
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