Washing Out a Loss-IRS Rules on IRA's Relationship to Section 1091

Published: Dec. 22, 2007, 2:07 p.m.

b'After a not so short hiatus, the Tax Update podcast is again posted, this time looking at IRS Revenue Ruling 2008-5 that deals with issue of a taxpayer selling securities at a loss in a taxable account and then purchasing identical securities in a regular or Roth IRA.\\xa0 The issue is one that practitioners have discussed for years, but which the IRS just now is getting around to issuing a formal ruling on.

The written materials for the podcast can be downloaded at http://www.edzollars.com/2007-12-21_IRA_Issue.pdf .

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .
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