Comments on: Tax issues for Roth IRA and regular stock account? http://www.moneysnatcher.com/news/tax-issues-for-roth-ira-and-regular-stock-account/ Money Snatcher Finance Blog Fri, 12 Jun 2009 17:08:06 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mark L http://www.moneysnatcher.com/news/tax-issues-for-roth-ira-and-regular-stock-account/comment-page-1/#comment-49 Mark L Mon, 01 Sep 2008 09:35:06 +0000 http://www.moneysnatcher.com/united-states/tax-issues-for-roth-ira-and-regular-stock-account/#comment-49 Yes. Ordinarily you need to have a 30 day period between the time you sell and the time you buy in order to deduct the losses, but if you're selling it in a non-tax deferred account and buying in a tax deferred account, this wouldn't apply. Of course, keep in mind, you may only deduct up to $3,000 of net capital losses on your personal return. Anything above that would be carried forward as a loss on future years' returns. Hope this helps. Yes. Ordinarily you need to have a 30 day period between the time you sell and the time you buy in order to deduct the losses, but if you’re selling it in a non-tax deferred account and buying in a tax deferred account, this wouldn’t apply.

Of course, keep in mind, you may only deduct up to $3,000 of net capital losses on your personal return. Anything above that would be carried forward as a loss on future years’ returns.

Hope this helps.

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