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Get your taxes done using TurboTax
@Mike9241 Thanks much for the exceptional answer.
“note that purchase quantity creating the wash sale must also be equal to the number of shares sold at a loss - buy 100 shares when 10 shares are sold at a loss only 10 shares of the purchase get their basis adjusted”
^Does this mean that if one traded 10x more shares in the taxable account than in the IRA, he/she would only be subject to 1/10 the “loss disappearance” after purchasing in the IRA? In this scenario, again, no 31 day period taken off from trading the symbol in the taxable account.
November 17, 2021
12:47 AM