Applied Magnetics Corp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Magnetics Corp

APM 1.080

+3.8%

Jan 13 3:49 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tom pope who wrote (11169)	12/30/1997 1:50:00 PM
From: LK2	Read Replies (1) of 12298

*Off Topic*Tax selling. The IRS rules for holding period were changed at least a few years back. It used to be that you reported capital gains/losses based on the settlement date. But now you report capital gains/losses based on the trade date. So if you sell a stock on Dec 31, 1997, the trade date is Dec 31, 1997, and the transaction has to be reported on your 1997 income tax filing. (I'm assuming this is not a short sale, which wouldn't have to be reported until the year the position was closed.) I'm talking about income tax rules for the individual. Maybe the rules are different for mutual funds/hedge funds/whatever. -LK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next