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Re: streamingeagle88 post# 47756

Friday, 01/01/2016 3:49:51 PM

Friday, January 01, 2016 3:49:51 PM

Post# of 461224
Of course you are right. If the other account is a tax deferred account like IRA Roth iRA 401k SEP Simple any of those. As long as you do not buy in a taxable account there will not be a wash. If you buy in different taxable account it will need wash accounting. And different brokerage will not be able to do for you but Gains Keeper software can. But all these wash and tax gain/loss should be done for you but you can choose the rules to use for each specific trade ie. FIFO HIGHEST PRICE ect. chosen depending on if want to take gains this year or take more losses. FIFO best for stocks held for more than one year but need to go though trades to specify specific lots of the stock to claim were sold. Again a good software like Gains Keeper will make this easy and also be current with regulations. Also need good tax soft ware Turbo Tax links with Gains Keeper so what ever stock software you use make sure link to tax software.

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