How high will Microsoft fly? 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 : How high will Microsoft fly?

MSFT 485.76

-1.6%

2:21 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: t2 who wrote (13626)	12/30/1998 10:52:00 AM
From: John Carragher	Read Replies (1) of 74651

Securitires traded on established market. For securities traded on an established securities market, your holding period begins the day after the trading date you bought the securities, and ends on the trading date you sold them. Ignore the settlement date (s) for tax purposes. from 1997 tax guidepub #17 EXAMPLE you are a cash-basis, calendar-year taxpayer. You sold stock at a gain on Dec. 27,1997 (per example. According to the rules of the stock exchange, the sale was closed by delivery of the stock 3 trading days after the sale, on jan 2, 98. You received payment of the sales price on that same day. Report your gain on your 1997 return, even though you received the payment in 1998. Hope this helps folks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next