Replies to post #33644 on Sarissa Resources Inc (SRSR)

[Max Power]

IRS??? does that stand for "I Retired b/c Sarissa"!!

[mytvsbroke]

OK then, thanks

[OntaREEo]

But if I sell for a loss in a regular cash account, and buy back within 30 days in an IRA account, I believe I would be okay, would I not?

[ypsiCPA]

Having a related party buy the shares back causes a problem. For instance, if taxpayer and spouse have separate brokerage accounts, and spouse buys shares sold by taxpayer, no good. Even if separate returns are filed.

Test appears to be whether the seller controls the purchase in the other account.