Client’s brokerage account manager sold fund shares in late December in a taxable account. The fund had distributed large capital gains earlier in the month so the sale resulted in a $12,000 loss. He notified the client he thought there might be a wash sale violation in the taxable account. When I talked to him he mentioned that the same fund was in the client’s IRA account and it too had reinvested dividends during the 30-day window before and after loss sale. It looks like she will not be able to take the loss (up to shares repurchased in IRA) but the IRA will not get any basis in the shares purchased during reinvestment. I don’t see a wash sale violation in the taxable account since she sold all her shares. Is that right?