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oc631

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oc631

Re: DewDiligence post# 171743

Monday, 12/23/2013 1:03:52 AM

Monday, December 23, 2013 1:03:52 AM

Post# of 257273

When you sell in a taxable account and buy the same shares in an IRA, the wash-sale rule operates on an honor system.





The whole idea of extending the wash rule to IRA accounts is a fallacy. I'm not sure why the IRS bothers setting rules they have little power to enforce. Perhaps taxpayers are required by law to bring IRA trading history to the audit of a taxable account.
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