Selling stock in an IRA, buying same stock in another accoun
If a person sells a stock in an IRA, leaves the proceeds of the sale in the IRA yet on the same day buys that same stock in a taxable account with cash that was already in the taxable account, do these transactions create any taxation consequences?
Permalink Submitted by Alan Spross on Thu, 2012-01-26 18:52
No.
However, if the sale was in the taxable account and produced a capital loss and you bought the same stock in your IRA between 30 days before or after the sale, you would have a wash sale that result in not being able to take your capital loss.