To expand on my earlier answer, I found the following documents expressing doubt in interpreting the wash sale rule in such contexts when looking for the proper text of RR 56-602.AnEngineer, you seem to be the only person in this thread who interprets the law the way you do. Are there others who have expressed that thought in the past?
Have you found any opinions from lawyers or the government or any other authority that support your thinking? Or is it just your thinking?
I don't mean that in the snide way it might sound in print. I'm interested in whether you came to this conclusion on your own by your reading of the law, or if there are some authorities out there that you may have learned this thinking from.
KayeThomas_CostBasisRegsComments_Feb52010.pdf
Here Kaye Thomas is writing the IRS in part about how 56-602 "does not address other situations where the same conclusion is justified" and that it "should be replaced with broader guidance".
https://silo.tips/download/wash-sale-co ... -to-broker
Here conflicting views are acknowledged before concluding that while Congressional intent seems to favor positions like rkhusky's, the IRS does share that view. The reasoning is based on RR 71-316 similar to that in my previous post.
Statistics: Posted by AnEngineer — Sat Mar 16, 2024 10:12 pm — Replies 42 — Views 1925