On Dec 25, 3:39*pm, Hauslohn <Hausl...[at]cox.net> wrote:
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It's an argument for buying and selling a specific security in only
one account. I have multiple accounts too, but I don't buy or sell
the same stock in different accounts.

On Dec 25, 3:04*pm, joeu2004 <joeu2...[at]hotmail.com> wrote:
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Certainly if all of the transactions take place within an IRA or
within a 401(k), there can be no wash sale.

Dave

Thanks. What a subject while our Christmas dinner cooks! - our
guests come late. None of the accounts are IRA, ROTH, 401 K, etc -
so I see that " Security by Security" is the way it will work - and it
sure is an argument for having only one account next year.
Many thanks for your help - our sincere good wishes for a Happy and
Successful New Year - My bet is that the subject of the economy will
come up at the dinner table - :-)

Ciao
Hauslohn


On Dec 25, 3:44*pm, Dave Dodson <dave_and_da...[at]juno.com> wrote:
- quote -

On Dec 25, 12:44*pm, Dave Dodson <dave_and_da...[at]juno.comwrote:
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That is not decided law. In fact, some believe the IRS
has ruled just the opposite. See the recent discussion
"IRS Issues Revenue Ruling on Wash Sales (IRA & Roth
IRA Buys Substantially Identical Securities)" in
misc.taxes.moderated.

On Dec 25, 2:28*pm, Hauslohn <Hausl...[at]cox.net> wrote:
- quote -

Wash sales do not apply to qualified accounts such as IRAs or 401(k)s.
In non-qualified accounts, they do not apply account by account, but
security by security. E.g., if you sold a fund or stock at a loss and
repurchased within 30 days either way, then you have a wash sale, no
matter whether you bought it in the same account or a different one.
If you sold at a loss and didn't buy the same security within 30 days
or if you sold at a gain, you do not have a wash sale. It is up to you
to figure out if you have a wash sale, and if so, report it correctly.
Other than that, the gains and losses from all of your non-qualified
accounts are aggregated for tax purposes.

Dave

We have found out - rather late in the year - groan, stupid us!! -
about " Wash sales" and having 3 separate accounts on which movements
in and out of stock take place around the same time, are wondering
whether the IRS treats each account separately or bundles all our
capital losses and gains together in one big pot, as we file taxes
jointly.
What a thought for the Holidays.... Good wishes to all in this group.
Hauslohn