wash sale and RMD -- 2 questions
From
MZB@21:1/5 to
All on Mon Jan 4 13:35:20 2016
Ok, quick query:
Suppose on Dec. 20th, I buy XYZ stock. I sell it all on 12/21 for a
$1000 LOSS.
Ok, on 1/5 of the following year, I buy XYZ stock again, same number of
shares. Now, at this point, the previous loss is a wash sale and can’t
be claimed. But, on 1/6 I sell XYZ (I don’t think it matters if it is a
gain or loss – does it?). This removes the wash sale.
My question: is this loss now logged in 2016? If so, I guess it is a way
to move a December loss from 2015 to 2016.
Also, a different query. This year, I have to start taking my RMD from
my traditional IRAs. Suppose I have five IRAs and the aggregate RMD is
$1000. I assume I can withdraw the funds from ONE of my IRAs. Correct?
Finally, when I do the withdrawal, do I have to specify that it is an
RMD withdrawal? I assume there is no such specification and I just have
to withdraw the funds out whenever I want, but during 2016 (I know I
have until April, 2017, but I don’t want to do TWO withdrawals in 2017)
Mel
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