He’ll Sell a Fund at a $30,000 Loss in His Brokerage Account and Buy It Back in His IRA a Week Later. The IRS Won’t Just Delay That Loss. It’ll Erase It for Good
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The post He’ll Sell a Fund at a $30,000 Loss in His Brokerage Account and Buy It Back in His IRA a Week Later. The IRS Won’t Just Delay That Loss. It’ll Erase It for Good appeared first on 24/7 Wall St..
A common tax move goes like this: an investor with a $30,000 loss in a fund in a taxable brokerage account sells the fund, books the loss to cut this year’s tax bill, then buys the same fund back in an IRA a week later. The investor gets the write-off and holds the invest
A common tax move goes like this: an investor with a $30,000 loss in a fund in a taxable brokerage account sells the fund, books the loss to cut this year’s tax bill, then buys the same fund back in an IRA a week later. The investor gets the write-off and holds the invest
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