Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
Donald
Lv 4
Donald asked in Business & FinanceInvesting · 7 years ago

If I only trade a stock in an IRA, does wash sale apply?

I am above 59 1/2 so no problem with early withdrawal. I don't plan to purchase the stock in any regular account. I might want to sell or purchase within a month, but always inside of IRA.

2 Answers

Relevance
  • Wayne Z
    Lv 7
    7 years ago
    Favorite Answer

    Not if you only trade in the IRA as losses from trades within IRAs are not allowed to be claimed as capital losses anyway.

  • Jack
    Lv 6
    7 years ago

    No.

Still have questions? Get your answers by asking now.