Exactly. If 401k’s aren’t included under the wash sale law like pretty much everything else is, why doesn’t the IRS just come out and say that they are exempt? Why keep us in suspense?The publications are frequently updated but it seems like the answer to why would they have this glaring omission is always because they can which is not a very solid reason.
After all, they must know that the Supreme Court has stated that the taxpayer must be able to point to the section of the law that allows the deduction and show that he meets all its conditions. So, we need an exemption statement to which we can point.
Statistics: Posted by rkhusky — Thu May 23, 2024 8:26 pm