Summary:

In the words of Tony Soprano: “Fogetaboutit”.

Expanded Summary:

In the words of the IRS: “Section 1091“, “Section 267” and “Rev Ruling 2008-5”

Purpose:

All investors and their investment advisors, should have an understanding of the Wash Sale Rule and related rules before making investment decisions, instead of learning about them painfully from their accountants at tax filing time.

This article is about where we stand as investment advisors on the important Wash Sale Rule with respect to schemes to circumvent the 30-day exclusionary period with alternate investment accounts such as:

IRA accounts 401-k accounts other self directed tax qualified accounts sole owner limited liability companies sole owner S or C corporations revocable living trusts marital joint taxable accounts spouse’s individual taxable accounts children’s accounts

Disclaimer:

This article is for discussion purposes only and is not personal or specific “tax advice”. We are investment advisors, not tax accountants, tax lawyers or tax advisors, but we are able to read, and the

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