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D Jordan
Joined: 08 Nov 2007
Posts: 2133
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 Posted: Tue Dec 11, 2007 5:11 am Post subject: For tax harvesting with US Stocks, is the date of the taxabl |
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For tax harvesting with US Stocks, is the date of the taxable event the trade date or the settlement date?
For instance, for this year, to realize a get or loss, can I sell/buy on the last trading day of the year, December 29th, or could I have to trade on the 26th T+3 ? |
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Chris Black
Joined: 08 Nov 2007
Posts: 2207
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| Posted: Tue Dec 11, 2007 5:11 am Post subject: For tax harvesting with US Stocks, is the date of the taxabl |
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| No it isn't cash base accounting. A trade date must be by the last business day of the year for a get or loss to be recognized. |
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Tara Dickerson
Joined: 08 Nov 2007
Posts: 2090
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| Posted: Tue Dec 11, 2007 5:12 am Post subject: For tax harvesting with US Stocks, is the date of the taxabl |
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Cash established accounting. once the money left your accounting, the will be part of this years return.
Best wishes. |
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