Let's say I had an IRA with $100K and a non-IRA brokerage account with $100K and my aim, for tax purposes was to generate losses in the non- IRA account but have off-setting positions in the IRA. (I would generally do this with futures options, btw.) I risk an accidental taxable gain offset if the Non-IRA profits and the IRA loses, and the latter , effectively, wipes out my gain. But in the inverse, if my IRA positions go up, I get a tax-deferred gain and a taxable loss in the non-IRA -- plus I have -- effectively -- moved money from a taxable to a tax-deffered account. What's wrong with this scenario, besides the risk I already stated? Is there a legal issue I am unaware of? Seems to me if you do your probabilities correct and write futures options naked in the IRa and buy them in the non-IRA, you could -- effctively -- money money into an IRA, with little risk, no?
- posted
16 years ago