Trade/Invest with Options Jerry a Point & Figure Chartist Message Board

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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Hans who wrote (4690)	1/1/2002 9:37:19 AM
From: DismalScientist	Read Replies (1) of 5893

Hans: I don't want to rain on your parade. But ............ It is my understanding that on a long trade - the effective date for tax purposes is the trade date, so any long sold on 12/31/01 would be a tax gain or loss in 2001. But for a short the effective date is the settlement date - 3 business days after the trade. So a short covered on 12/31/01 would be a tax gain or loss in 2002. I could be wrong so perhaps someone could confirm this information. A good place for information on tax matters re: trading is: Subject 17266 Happy New Year to all. Alan

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