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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Zeuspaul who wrote ()12/19/1999 10:50:00 PM
From: brec  Read Replies (1) of 5810
 
Trade date vs. settlement date

The 1040 Schedule D instructions say to use the trade date in the "Date acquired" and "date sold" columns. But doesn't the settlement date govern in which tax year the gain or loss is reported? That is, a sale of stock on trade date, say, Dec 27, 1999 would be reported as a 1999 gain or loss, and a sale of stock on trade date Dec 29, 1999 would be reported as a 2000 gain or loss -- right?
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