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elleryqueen

12/28/11 12:39 PM

#9880 RE: missionsman #9878

Yes, I checked it out. It does not matter how you buy back your shares within the 31 day period. It does not matter whether you buy back into another account like an IRA or with another brokage firm. The IRS treats the entire tranaction as one person no matter how you act. There is no getting around the IRS wash rule legally. I suppose if I had somebody else buy the shares for me, say a family member, you could get away with it. But technically you are breaking the law. In our family, we prefer every family member to stay out of jail. lol.