Hank
Recycles dryer sheets
- Joined
- Nov 18, 2008
- Messages
- 98
I hold some of the same ETFs in both taxable and IRA accounts. I don't sell anything in my taxable account but automatically reinvest the dividends. I just let it ride on a glide path. In my IRA however, I've bought and sold these same ETFs.
Now here's the question:
My understanding is that the Wash Rule would only be triggered if I sold a security in the taxable account and then bought replacement shares 30 days before or after the trade date whether in the IRA or a taxable account (or maybe even my spouses). So I am trying to confirm that regardless of what I traded in my IRA it would not have triggered a Wash Sale because:
1) I didn't claim a loss on my taxes.
2) The loss would have had to originate from the taxable account.
Do I understand this correctly?
Now here's the question:
My understanding is that the Wash Rule would only be triggered if I sold a security in the taxable account and then bought replacement shares 30 days before or after the trade date whether in the IRA or a taxable account (or maybe even my spouses). So I am trying to confirm that regardless of what I traded in my IRA it would not have triggered a Wash Sale because:
1) I didn't claim a loss on my taxes.
2) The loss would have had to originate from the taxable account.
Do I understand this correctly?
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