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Mysunsai t1_iyemwh4 wrote

Reply to comment by Buttercoins in Back taxes and capital loss questions for an older relative. by Buttercoins

The “spirt of the law” is that you can take advantage of specific benefits in exchange for specific restrictions. Taking advantage of the benefits without any of the accompanying restrictions is the opposite of the spirit.

Stock traders don’t generally move money back and forth between checking and brokerage, he’s nothing special.

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Buttercoins OP t1_iyeohag wrote

I'm saying he acted within all the same bounds as he would have had to, had it been an IRA, and for the same reasons: retirement.

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