Wash triggered when I sell in my account and purchase win minor account?

[jma1]

Will I trigger a wash sale if I sell stock YYY in my account for a loss and then purchase the the same stock YYY in a minor’s account  within 30 days.  Actually my child is 19 and a full time student but we support them.

Seems like I should be able to do this without triggering a wash since my losses cannot apply against any gains in the minor account as far as I know.

Thanks!

[KathrynG3]

Probably not. This is a gray area and it is ultimately your decision.

While it is not expressly stated that minors could not purchase stock within 30 days following a loss from the sale of the same stock, consider this guidance from IRS Publication 550: Investment Income and Expenses on page 57, middle column:

If you sell stock and your spouse or a corporation you control buys substantially identical stock, you also have a wash sale.

Especially if you are claiming your dependent on your tax return and the dependent has more than $2,200 of unearned income to report, requiring filing Form 8615 for the minor's unearned income, it would imply that identifying the transaction as a wash sale would be appropriate. 

[fanfare]

it is not a wash sale since your son is not a spouse or corporation.

If he's buying with the proceeds of your sale, you have made a gift.