02-04-2022, 03:23 AM
Wash Sale Question - Roth IRA
<!-- SC_OFF --><div class="md"><p>So I know the IRS made that if you sell shares in an individual account and repurchase shares of the same stock within 30 days it’ll be considered a wash sale. </p> <p>However, let’s say you own shares of A in your Roth (10 shares) and individual accounts (10 shares), you sell all of them in both accounts, and then within 30 days repurchase 10 shares in your Roth IRA. Is that considered a wash sale or is that protected under tax exemption rules for the Roth IRA?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Praise__The__Lord"> /u/Praise__The__Lord </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/sjixl0/wash_sale_question_roth_ira/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/sjixl0/wash_sale_question_roth_ira/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So I know the IRS made that if you sell shares in an individual account and repurchase shares of the same stock within 30 days it’ll be considered a wash sale. </p> <p>However, let’s say you own shares of A in your Roth (10 shares) and individual accounts (10 shares), you sell all of them in both accounts, and then within 30 days repurchase 10 shares in your Roth IRA. Is that considered a wash sale or is that protected under tax exemption rules for the Roth IRA?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Praise__The__Lord"> /u/Praise__The__Lord </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/sjixl0/wash_sale_question_roth_ira/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/sjixl0/wash_sale_question_roth_ira/">[comments]</a></span>Kind Regards R