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Participant ○○

Wash Sale - last 31 days

I bought an ETF  across multiple account (Both retirement and non retirement) in last few weeks. Now if I sell etf in my non retirement account for loss will it be considered a wash sale?

I understand that I cannot buy it again for next 31 days to claim loss.

But how does not buying it in previous 31 days rule work? I obviously bought it in multiple account in last 30 days.

Or do I need to wait  for 31 days to sell it after my last purchase date of this security?

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2 Replies
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Participant ○○○

Re: Wash Sale - last 31 days

The rules are that you would have to wait 31 days from your last purchase, regardless of the account.

Not that I'm advocating breaking the rules, but how would the IRS know? Buys and sells are not reported to them in retirement accounts.

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Frequent Contributor

Re: Wash Sale - last 31 days

In a taxable, if I sell and take a $100 loss, then buy back the next day, it means I cannot claim that one loss, but if I were to keep buying in and the market went south and I sold taking another big loss, then I can take that loss, unless I buy back in again.

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