Income Taxes and Record Keeping ( tax ) Message Board

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

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To: Czechsinthemail who wrote (354)	12/30/1997 10:44:00 AM
From: Colin Cody	Read Replies (2) of 5810

There was a OLD rule that stated it was the SETTLEMENT DATE for tax purposes. Then that got to a point where is was EITHER date... depending... And then it was SO COMPLICATED with people double reporting (in 2 years) ... or forgetting to report trades at all - done in that last week of the year, that the Service CHANGED it to the TRADE DATE. . Colin

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