IRA funds creating wash-sale situation ?

[researcher]

If you use money in a Roth/IRA account to actively buy and sell stocks
do you have to be concerned with wash sale situations.

[Charlie Perrin]

On Fri, 27 Jul 2007 20:24:12 -0700, researcher wrote:

>If you use money in a Roth/IRA account to actively buy and sell stocks
>do you have to be concerned with wash sale situations.

CAVEAT: I am not a lawyer nor a tax accountant. Go ask one and come
tell us! <wink>

Since you don't have to calculate capital gains inside an IRA. NO.

[Jerry]

Wash sale does not apply. However the fund will have a "round trip" rule.
This rule varies based on the fund manager, but it's geared to prevent
actively (usually within 30 days) buying & selling the same fund. You can
do as you wish with an ETF without any restrictions.

Jerry
"researcher" <malib...@verizon.net> wrote in message
news:1185593052....@i13g2000prf.googlegroups.com...

[704set]

He mentioned trading stocks, not funds.

704set

"Jerry" <nospam@???> wrote in message
news:46ab3281$0$29693$4c36...@roadrunner.com...

[Alan Bowler]

researcher wrote:
> If you use money in a Roth/IRA account to actively buy and sell stocks
> do you have to be concerned with wash sale situations.

The wash sale rule merely says that tax consequences
of some trades are deferred until later. So you can't
claim capital loss on a security until the you need to pay
possible closely related capital gains. Capital gains
get no special treatment in IRAs so the wash sale rule
is irrelevant.

What is not irrelevant is the type of trading behaviour
that the leads to situation where the wash sale rule applies.
Whether it is inside or outsidea tax shelter like an IRA,
if you are losing money on your trading you need to
be looking at your investment strategies.