Wash Sale Rules
If a client sell XYZ security in his/her non qualified account and a few days later buys XYZ security in his/her IRA will it be subject to wash sale rules and the loss dissallowed? There seems to be a bit of contradiction regarding this?
Permalink Submitted by Al Fry on Wed, 2007-11-28 20:45
One cannot declare the loss anyway, unless it was all cost basis (highly unlikely) and that was the only IRA they owned, and it was fully surrendered.