Sale between accounts - Wash sale??

[ripvanwinkle]

I have 3 investment accounts. Traditional IRA, Roth IRA and just a plain regular investment account. If I sell 20 of Boeing from my IRA or from the regular investment account and turn around and buy the same stock in my Roth the same day, is that considered a wash sale? 

[minnesotapaintlady]

Wash sales are only triggered if you're writing off the initial loss on your taxes. If the stock you sold was in an IRA you can't do that, so selling in one IRA and buying in another doesn't matter.

Now if you sell from a taxable account and and buy again within 30 days in an IRA you can't write off the loss or count the increase in basis in your IRA which seems like a nightmare to track, so I would avoid that scenario.

[ripvanwinkle]

Thanks. I kind of thought that