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Still not getting a clear answer on this simple wash sale query

Let me try again.

Let's say on 2/25 I buy 500 sh. of XYZ in my traditional IRA account and do the same in my regular brokerage account.

XYZ goes down and I would like to just take the loss in my regular account. But if I sell it today that loss will be permanently disallowed due to the wash sale rule.

But if I wait until say 3/29 (> 31 days), then I can take the loss -- no wash sale involved. Note that I do not intend to buy XYZ again for at least 31 days.

Am I correct?

Mel

Reply to
MZB
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Yes. If there is no purchase, +/- 30 days of the sale at a loss, the loss is not washed out by anything. That should be concise enough and should have been my first attempt at answering.

Reply to
JoeTaxpayer

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