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Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2045
Experience:  Certified Public Accountant
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I have a question about a capital gains loss if tool in 2016

Customer Question

i have a question about a capital gains loss if tool in 2016 and the 30 day rule
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: to sold shares of SWHC on about 12-24 and took a loss of about $30,000, This was in a regular brokerage account. if i but shares in my newly opend traditional iRA account, will this be considered a wash and eliminate my capital gains loss of 2016?
JA: Is there anything else important you think the Accountant should know?
Customer: it has been less than 30 days since i sold the swhc shares and took the capital loss
Submitted: 6 months ago.
Category: Tax
Expert:  Mark Taylor replied 6 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. The IRA would be separate from your individual brokerage account. Buying the shares in your IRA would not trigger a wash sale.

Expert:  Mark Taylor replied 6 months ago.

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