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Can IRA Transactions Trigger the Wash-Sale Rule?

·6 min read
Can IRA Transactions Trigger the Wash-Sale Rule?

Right—except if you violate the wash-sale rule, which states that if you bought and sold the same investment for a loss within a 30-day period, then the loss cannot be used to offset gains. This issue becomes more complicated if you repurchased the securities in your IRA. In 2008, the Internal Revenue Service addressed this long-unanswered question.