IRS Revenue Ruling 2008-5 - Losses from wash sales of stock or securities

Part I

Section 1091.—Loss from Wash Sales of Stock or Securities

26 CFR 1.1091-1: Losses from wash sales of stock or securities.

IRS Revenue Ruling 2008-5 - Losses from wash sales of stock or securities

If an individual sells stock or securities for a loss and causes his or her individual
retirement account or Roth IRA to purchase substantially identical stock or securities
within 30 days before or after the sale, is the loss on the sale of the stock or securities
disallowed?

Related Links:

• IRS Revenue Ruling 2008-05, I.R.B. - Losses from wash sales of stock or securities [PDF]
• IRS Revenue Ruling 2008-05, I.R.B. - Losses from wash sales of stock or securities [HTML]

• IRS applies wash sale rules to IRAs, and maybe to other directed accounts
• Ruling may impact tax treatment of transactions inside 401(k)s, IRAs
• Legal Alert: IRS Rules on Wash Sales Involving IRAs